TXT - Northrop Wins $119M Contract to Aid E-2 Hawkeye Jet Program | Benzinga
Northrop Grumman Corp.'s (NYSE: NOC), business unit, Northrop Grumman Systems Corp., recently secured a contract involving its E-2 Hawkeye aircraft. The award has been provided by the Naval Supply Systems Command Weapon Systems Support, Philadelphia, PA.
Details of the Deal
Valued at $119.6 million, the contract is estimated to be completed by December 2025. Per terms of the deal, Northrop will provide long-term, requirements contract for the repair of 17 weapon replaceable assemblies and shop replaceable assemblies to support the E-2 Hawkeye jets.
Majority of the work related to this deal will be carried out in Syracuse, NY.
What's Favoring Northrop?
Over the past decade, a rapid rise in global terrorism and adverse geopolitical situations across borders have boosted the demand for defense products. With combat aircraft constituting a major portion of this portfolio, prominent defense aircraft manufacturers like Northrop witness a solid inflow of orders. The latest contract win is a bright example of that.
To this end, it is imperative to mention that Northrop's all-weather E-2 Hawkeye airborne early warning and battle management (AEW&BM) aircraft has been serving as the "eyes" of the U.S. Navy fleet for more than 30 years. The E-2D Advanced Hawkeye is the next-generation aircraft in this family of jets, which comes with a two-generation leap in radar sensor capability and a robust network-enabled capability.
On the other hand, the E-2C Hawkeye 2000 variant possesses the most advanced AEW&BM capabilities in service today. It is the fifth-generation production E-2C Hawkeye and incorporates significant enhancements in data management, connectivity, and situational awareness to support the Navy's evolving Theater Air and Missile Defense ...