Northrop Grumman Corporation (NYSE: NOC) has received orders to supply a complete package of electronic navigation equipment for ten new tankers being built for the Latvian Shipping Company (LASCO).
The orders were awarded to Northrop Grumman’s Sperry Marine business unit. Terms of the agreement were not disclosed.
The 51,800-deadweight-ton, double-hull tankers, which will be equipped to carry either oil products or chemicals, are being built for LASCO’s Crown Navigation subsidiary at the 3.Maj shipyard in Rijeka, Croatia. Deliveries are scheduled for 2006-2008.