Northrop Grumman Corporation (NYSE: NOC) has been awarded a delivery order for the fourth year of a five-year contract to provide technical, logistics and material support for mission-critical systems installed on U.S. Navy surface ships and submarines.
The fourth-year award, valued at $15.3 million, was granted to Northrop Grumman’s Sperry Marine business unit by Naval Inventory Control Point, Mechanicsburg, Pa. The five-year firm-fixed-price performance-based logistics (PBL) contract has a total value of $65.3 million.