Northrop Grumman (NOC) was awarded a $481.33M hybrid other transaction agreement for updates and improvements to the Integrated Air and Missile Defense Battle Command System’s software. Bids were solicited via the internet with 21 received. Work has an estimated completion date of Dec. 30, 2029. FY24 Foreign Military Sales funds in the amount of $347.63M were obligated at the time of the award. Army Contracting Command is the contracting activity.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOC:
- U.S. weighs potential rules to restrict Chinese drones, Bloomberg reports
- Deutsche sees big future for advanced aircraft, more challenging for F-35
- Northrop Grumman price target lowered to $580 from $605 at Morgan Stanley
- Northrop Grumman awarded $3.46B Navy contract
- Top 5 Trends That Shook Up Investing in 2024 and Will Continue in 2025