Northrop Grumman Forms Cybersecurity Research Consortium to Help Secure the Critical Infrastructure and Counter Growing Threats

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Northrop Grumman (NYSE: NOC) ended the last trading session at $55.00. So far the stock has hit a 52-week low of $33.81 and 52-week high of $56.46. Northrop Grumman stock has been showing support around 53.61 and resistance in the 55.97 range. Technical indicators for the stock are Bullish and S&P gives NOC a neutral...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

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Northrop Grumman Corp. (NOC) was awarded a $302.9 million fixed price incentive fee contract for five RQ-4 Global Hawk high-altitude, long-endurance (HALE) unmanned aircraft systems (UAS), by the U.S. Air Force. Earlier, the U.S. Air Force granted RQ-4 Global HALE with a military Airworthiness Certification (AWC), a significant milestone in the life of the aircraft [...]

(NOC) Northrop Grumman Corp Wins Military Contract

Raytheon Company (RTN) bagged a $241 million U.S. Navy contract to deliver open architecture software capability for the Zumwalt-class destroyer (DDG 1000). Under the contract, software development will support the integration of human-computer- interface components for the ship’s engineering machinery controls and damage control systems. Specifically, Raytheon will deliver computer graphical user interfaces and a technical [...]

($RTN) Raytheon Lands Navy Contract

Raytheon Company (RTN) bagged a $241 million U.S. Navy contract to deliver open architecture software capability for the Zumwalt-class destroyer (DDG 1000). Under the contract, software development will support the integration of human-computer- interface components for the ship's engineering machinery controls and damage control systems.

Specifically, Raytheon will deliver computer graphical user interfaces and a technical data manager capability to control Zumwalt's ship propulsion, integrated power, auxiliary and damage control systems. The effort will also include support to land-based and shipboard testing of these subsystems.

Work on this contract modification will be performed at Raytheon’s Integrated Defence Systems Headquarters, Tewksbury, Massachusetts, and at the Seapower Capability Center, Portsmouth, Rhode Island.

The contract will boost the backlog of the Raytheon Integrated Defense Systems segment. In the recently reported quarter, segmental backlog was stagnant at $9.8 billion compared to $9.9 billion as of year-end fiscal 2008.

Raytheon is the one of the largest aerospace and defense companies in the U.S. It boasts of a well-diversified line of military products, including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems and technical services.

We continue to view Raytheon as one of the best positioned among the large-cap defense primes due to its non-platform-centric focus, strong order bookings and order backlog, strong cash flow generation, and focus on shareholder value. We maintain our market Outperform recommendation on the shares. Defense contractors with significant exposure to high-cost platform programs include Lockheed Martin (LMT), Northrop Grumman Corporation (NOC), and General Dynamics Corporation (GD).
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Zacks Investment Research

Northrop Grumman Corp. (NOC) was awarded a $302.9 million fixed price incentive fee contract for five RQ-4 Global Hawk high-altitude, long-endurance (HALE) unmanned aircraft systems (UAS), by the U.S. Air Force. Earlier, the U.S. Air Force granted RQ-4 Global HALE with a military Airworthiness Certification (AWC), a significant milestone in the life of the aircraft system and a step on the path to routine unmanned flight within the United States.

Under the Lot 7 production contract, the company will build two Block 30 systems and three Block 40 systems for the Aeronautical Systems Group at Wright Patterson AFB in Dayton, Ohio. The award also includes a ground station consisting of a launch and recovery element and a mission control element, plus two additional sensor suites that will be retrofitted into previous production aircraft. The contract runs through 2011.

The company will deliver in 2010 the two Block 30 aircraft equipped with the Enhanced Integrated Sensor Suite (EISS) that provides electro-optical/infrared and synthetic aperture radar imaging capabilities. These aircraft will also be retrofitted to incorporate the production Airborne Signals Intelligence Payload.

The HALE UAS, Global Hawk can soar at altitudes of more than 60,000 feet for more than 32 hours and send near-real-time reconnaissance imagery and signals intelligence data to air, ground, and sea forces. It can fly three times as long and operates at a fraction of the cost per flight hour of its manned counterpart. Compared to other similar UAS, a single Global Hawk collects the same information as 18 smaller medium-altitude UAS.

Global Hawks are currently flown in four locations across the globe: Beale Air Force Base in Northern California, Edwards Air Force Base in Southern California, Patuxent River Naval Air Station in Maryland, and a forward operating location in support of Overseas Contingency Operations in the Persian Gulf.

Read the full analyst report on "NOC"
Zacks Investment Research

Northrop Grumman Corp. (NOC) was awarded a $302.9 million fixed price incentive fee contract for five RQ-4 Global Hawk high-altitude, long-endurance (HALE) unmanned aircraft systems (UAS), by the U.S. Air Force. Earlier, the U.S. Air Force granted RQ-4 Global HALE with a military Airworthiness Certification (AWC), a significant milestone in the life of the aircraft system and a step on the path to routine unmanned flight within the United States.[More...]

Companies featured in this segment: The Boeing Company (NYSE:BA), Northrop Grumman (NYSE:NOC), Flowserve Corporation (NYSE:FLS), Doosan Heavy Industries and Construction Company Limited (SEO:034020), Hyundai Engineering and Construction Company Limited (SEO:000725), Korea Electric Power Corporation (SEO:015760), Hindustan Petroleum Company Limited (BSE:500104), Technip SA (OTC:TKPPY), Toyo Engineering Corporation (TYO:6330), Toyo Engineering Corporation (TYO:6330), Honeywell International (NYSE:HON), Larsen & Toubro Limited (BSE:500510), Hitachi Corporation (NYSE:HIT), Total SA (NYSE:TOT), GAIL India Limited (BSE:532155), Mangalore Refinery and Petrochemicals Limited (BSE:500109), E.ON AG (OTC:EONGY), OAO Gazprom (OTC:OGZPY), POSCO (NYSE:PKX), Alter NRG Corporation (TSX:NRG)

Companies featured in this segment: Norfolk Southern Corporation’s (NYSE:NSC), CSX Corporation (NYSE:CSX), Northrop Grumman Corporation (NYSE:NOC), Allegheny Energy (NYSE:AYE), Ameren Services Company (NYSE:AEE), Vectren Corporation (NYSE:VVC), American Electric Power (NYSE:AEP), Duke Energy Corporation’s (NYSE:DUK), AREVA (EPA:CEI)

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