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Northrop, United Technologies win $409M deals with Air Force

Jul. 11, 2017 7:21 PM ETNorthrop Grumman Corporation (NOC) StockNOC, UTXBy: Jason Aycock, SA News Editor
  • Northrop Grumman (NOC +0.3%) and United Technologies (UTX +0.4%) have each won $409M contracts from the Defense Dept. to work on next-generation thermal, power and controls.
  • A competitive process resulted in seven bids being received for the work, the department says.
  • Work will be completed by July 2024 and take place in Redondo Beach, Calif. (in Northrop's case) and East Hartford, Conn. (in United's case).
  • The companies will be tasked with researching future power, thermal and controls requirements for the Air Force.

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