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 Awarded U.S. Military Contract For Navigation Systems

Stocks in this article: NOC

WOODLAND HILLS, Calif., Feb. 13, 2014 /PRNewswire/ -- Northrop Grumman Corporation (NYSE: NOC) has been awarded a contract from the U.S. Air Force for purchase and sustainment of its embedded global positioning/inertial navigation systems (EGI).

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

Photos accompanying this release are available at http://media.globenewswire.com/noc/mediagallery.html?pkgid=23611.

Under an indefinite-delivery, indefinite-quantity (IDIQ) contract with a potential value of up to $200 million, Northrop Grumman's suite of fiber-optic gyro-based navigation systems are available for the U.S. Air Force, Army, Coast Guard, Marine Corps and Navy as well as international customers. Northrop Grumman will also provide platform integration, modernization, flight test and technical support, training, depot repair and spares for its EGI.

The contract provides for ordering of equipment and/or services through December 2018. Foreign military sales, including a first order in support of EGI sales to Iraq and Thailand, are provided for under the contract.

"We are offering the highest performance technology at very affordable prices," said Bob Mehltretter, vice president, Navigation and Positioning Systems, Northrop Grumman Electronic Systems. "Additionally, this contract gives customers the flexibility to respond to emerging needs, leading to greater mission effectiveness and the best value."

Northrop Grumman offers a variety of embedded GPS/inertial navigation systems to meet unique customer needs worldwide. Products such as the LN-251 and LN-260 feature a fully integrated, tightly coupled GPS inertial design for superior accuracy, in addition to open, modular architecture for greater adaptability. The LN-251 is the smallest, lightest navigation-grade EGI in its class.

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.

0213-033

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 17,822.50 +44.35 0.25%
S&P 500 2,062.06 +0.83 0.04%
NASDAQ 4,740.8290 -7.5670 -0.16%

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