This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Northrop Grumman Wins Task Order For Defense Travel System Contract

Stocks in this article: NOC





MCLEAN, Va., Oct. 29, 2013 /PRNewswire/ -- Northrop Grumman Corporation (NYSE: NOC) has been awarded a follow-on task order with the potential value of  $143 million by the U.S. General Services Administration (GSA) Federal Systems Integration and Management Center to provide hosting, operations, sustainment and development of new capabilities for the Defense Travel System (DTS). DTS is an enterprise program under the Defense Logistics Agency.

(Logo: http://photos.prnewswire.com/prnh/20121024/LA98563LOGO)

DTS is a Department of Defense (DoD)-wide travel management system that was designed and developed by Northrop Grumman in 1998 to re-engineer defense travel into a seamless, paperless, automated system. This new task order is awarded under the GSA Alliant indefinite delivery, indefinite quantity contract, which is a five-year competitive contract award including one base-year and four one-year options.

"We are proud to continue our 15-year legacy as prime integration contractor for the Defense Travel System," said Ed Sturms, vice president, Civil Solutions, Northrop Grumman Information Systems. "As the largest DoD-wide application, DTS is at the heart of an evolving travel system that will be in place for many years to come. We remain committed to safeguarding the DTS mission from global cyber threats, while delivering a fast, reliable and affordable travel management solution that's positioned to keep pace with tomorrow's travel needs."

Under this new award, Northrop Grumman will continue providing 24x7x365 DTS worldwide service. Moreover, Northrop Grumman will evolve the DTS infrastructure to leverage new technology, cybersecurity offerings and add new capabilities for travel as requested by the DoD. As a state-of-the-art, modular and scalable system, DTS is well positioned to integrate new travel capabilities such as changes in rules and regulations, interfaces to new systems, business intelligence, mobile travel and additional travel types.

Since first awarded to Northrop Grumman, the company has successfully added new functionality and new technology to the system. In 2012–13, Northrop Grumman modernized the DTS infrastructure, increasing performance and consolidating data center space with a net savings to the government of more than $2 million annually.

As a critical business system, DTS is used to manage temporary duty travel (TDY) for more than 3.4 million DoD employees. Travelers can determine availability of and book transportation, lodging reservations, car rentals and receive reimbursement through their financial institutions for all travel expenses. It also creates required financial transactions to provide funding for travel, enforces compliance with DoD travel regulations, and archives electronic versions of documents in accordance with regulatory and statutory requirements. DTS currently accommodates more than 70 percent of all TDY travel transactions, processing more than 4 million travel order authorizations and 4 million requests for reimbursement vouchers per year.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs