Procurement News Notice |
|
| PNN | 10248 |
| Work Detail | The U.S. Marine Corps (USMC) has awarded global security company Northrop Grumman Corp (NOC). a contract to help the marines deploy nine additional AN/TPS-80 Ground/Air Task-Oriented Radar (G/ATOR) threat detection and tracking systems. (See also: 3 Aerospace and Defense Stocks Likely to Outperform in 2016.) Improved Surveillance Northrop Grumman noted the new systems will feature Gallium Nitride (GaN) technology, which delivers higher efficiency and output power for improved air surveillance, weapon cueing, counter-fire target acquisition and air traffic control capabilities. Plus, Northrop Grumman pointed out the new systems could help the USMC save nearly $2 million in lifecycle costs per system. It's no surprise the USMC would collaborate with Northrop Grumman. The service has awarded the company several contracts over the past few years, including a to begin initial production of AN/TPS-80 G/ATOR systems in October 2014. Northrop Grumman said it expects to provide the USMC with the first of six G/ATOR systems in February 2017 as well. Northrop Grumman's initial production of AN/TPS-80 G/ATOR systems has been a boon for the company. Since the contract began, Northrop Grumman has landed a U.S. Army contract worth $35.4 million to implement its Common Infrared Countermeasure (CICRM) missile defense solution in October 2014. It also was awarded $116 million to update the AN/AAQ-28(V) LITENING Advanced Targeting Systems for the U.S. military. Northrop Lags Big Rivals in Contracts Although Northrop Grumman has been successful in its efforts to secure military contracts recently, the company's main competitors continue to score lucrative U.S. government deals. DefenseNews pointed out Lockheed Martin Corp (LMT) ranked first among U.S. government contractors in 2015, followed by The Boeing Co (BA), General Dynamics Corp (GD) and Raytheon Co (RTN). Meanwhile, Northrop Grumman rounded out the top five. DefenseNews noted that the top 100 government contractors secured $175.1 billion in 2015. For Northrop Grumman, landing another USMC award is a step in the right direction. But with Lockheed Martin, Boeing and other rivals still in its crosshairs, Northrop Grumman likely has plenty of work ahead to close the gap on its competition in the military sector. |
| Country | United States , Northern America |
| Industry | Defence |
| Entry Date | 15 Oct 2016 |
| Source | http://www.investopedia.com/news/northrop-wins-marine-radar-tracking-deal-noc/ |
