Northrop Grumman Awarded Maximum $697M Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 19 2026
0mins
Northrop Grumman was awarded a maximum ceiling $697M, firm-fixed-price and cost-plus-fixed-fee, basic ordering agreement for the procurement of follow-on sustainment engineering and logistics services for program manager expeditionary radars. The work to be performed includes engineering changes, contractor logistics support, depot life cycle support, software support activity support, diminishing manufacturing sources and material shortages support, technical refresh, and studies and analyses. Additionally, the SELS BOA will provide for operational spares buys, as well as software development for current and future radar systems. Work locations will be determined by individual task orders and is expected to be completed by May 14, 2031. No funds will be obligated at the time of award. Funds will be obligated on individual task orders as they are issued. Portfolio Acquisition Executive Marine Corps is the contracting activity.
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Analyst Views on NOC
Wall Street analysts forecast NOC stock price to rise
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 559.290
Low
630.00
Averages
684.08
High
770.00
Current: 559.290
Low
630.00
Averages
684.08
High
770.00
About NOC
Northrop Grumman Corporation is a global aerospace and defense technology company. Its segments include Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Aeronautics Systems is engaged in the design, development, production, integration, sustainment and modernization of military aircraft systems for the United States Air Force, the United States Navy, other United States government agencies, and international customers. Defense Systems is engaged in the design, engineering, development, integration, and manufacturing of deterrent systems, advanced tactical weapons, and missile defense solutions. Mission Systems is a provider of mission solutions and multifunction systems. Its products and services include command, control, communications and computers, and reconnaissance (C4ISR) systems. Space Systems delivers end-to-end mission solutions through the design, development, integration, production and operation of space, missile defense, and launch systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Price Warning: ExxonMobil has warned that oil inventories are on track to reach dangerously low levels in the coming weeks, forcing prices to spike and curbing demand, reflecting market concerns over energy supply.
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