Seeking Alpha

Northrop Grumman awarded $238M contract modification

  • Northrop Grumman (NOC -0.5%) has received a $238M modification to a former firm-fixed-price contract from the U.S. Air Force.
  • The company will deliver hardware and support for the Large Aircraft Infrared Countermeasure (LAIRCM) system, which detects missile launches and tracks them to determine threat status.
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