Northrop Secures a Contract to Boost US' Underwater Capabilities [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
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Source: Yahoo! Finance
and the guided missile submarines (SSGN) underwater launcher systems (ULS). The award has been offered by the Strategic Systems Programs, Washington, D.C. Valued at $42.4 million, the contract is expected to be completed by Sept. 30, 2031. Per the terms of the deal, Northrop will offer technical engineering support, like field services, and integration for D-5 and the SSGN attack weapon system. A major portion of the work related to this deal will be carried out in Sunnyvale, CA, Bangor, WA, and Kings Bay, GA. Northrop Grumman is the premier provider of missile launch systems for naval submarines and surface ships. Notably, every vertical launch system on U.S. Navy submarines today can trace its origin to NOC's Underwater Launch Center of Excellence in Sunnyvale, CA. Its maritime capabilities can be further gauged from the fact that its sensors are fielded on U.S. submarines like the Virginia Class submarines, which, in turn, positions Northrop Grumman to fully operationalize
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LMT
Earnings
- 10/22/24 - Beat
LMT
Sec Filings
- 11/13/24 - Form 8-K
- 10/28/24 - Form 4
- 10/22/24 - Form 10-Q
- LMT's page on the SEC website