Northrop Grumman Secures Navy Contract Modification for SEWIP Systems
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy NOC?
Source: seekingalpha
- Contract Modification Details: The U.S. Navy awarded Northrop Grumman (NOC) a contract modification to produce up to nine additional Surface Electronic Warfare Improvement Program (SEWIP) Block 3 systems, including the first unit intended for installation on an aircraft carrier, highlighting the Navy's commitment to enhancing ship defense capabilities.
- System Deployment Progress: The first SEWIP Block 3 system was installed on the guided missile destroyer U.S.S. Pinckney (DDG-91) in 2023, marking the initial deployment of this technology within the fleet and significantly improving the vessels' defenses against missile threats.
- Expanded Delivery Capacity: With the latest award, Northrop Grumman is now contracted to deliver as many as 24 systems, which not only enhances the company's production capacity but also solidifies its market position in the electronic warfare sector.
- New Technology Development: The company is developing a related capability known as Scaled Onboard Electronic Attack, designed for ships that cannot accommodate the full SEWIP Block 3 system, demonstrating its foresight in technological innovation and adaptability to market demands.
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Analyst Views on NOC
Wall Street analysts forecast NOC stock price to fall
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 697.000
Low
630.00
Averages
684.08
High
770.00
Current: 697.000
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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