(We can all relax now) Northrop Grumman Awarded $795 Million in E-2D Advanced Hawkeye Contracts

[Montauk6]

BETHPAGE, N.Y., Aug 5, 2011 (GlobeNewswire via COMTEX) -- Northrop Grumman Corporation has been awarded $795 million in contracts by the U.S. Navy for the E-2D Advanced Hawkeye Program.

Under a sole source, firm-fixed price $761 million contract, prime contractor Northrop Grumman will manufacture and deliver five low-rate initial production (LRIP), Lot 3, E-2D Advanced Hawkeye aircraft to the U.S. Navy. Also under this contract, are long lead materials for five LRIP, Lot 4, E-2D Advanced Hawkeyes.

Northrop Grumman also received a $34 million modification to a previously awarded contract for the procurement of one additional E-2D Advanced Hawkeye LRIP, Lot 2, aircraft.

"These contracts are a significant milestone for the E-2D Advanced Hawkeye Program and the U.S. Navy," said Jim Culmo, vice president, Airborne Early Warning and Battle Management Command and Control, Northrop Grumman. "The innovation Northrop Grumman applied to the design and development of the E-2D Advanced Hawkeye leverages experience gained from providing uncompromised airborne early warning and battle management command and control for more than 50 years. This affirms that the E-2D Advanced Hawkeye is the right platform providing the right capability at the right time," Culmo said.

http://www.marketwatch.com/story/northrop-grumman-awarded-795-million-in-e-2d-advanced-hawkeye-contracts-2011-08-05?reflink=MW_news_stmp

[RC]

1. Another money waster for profits by paranoids.

[woo me with science]

2. The military industrial complex is safe under this President and Congress. nt

[Montauk6]

3. Yeah, REALLY! Speaking of entitlements...

(shaking my head)

[Ilsa]

4. So, this is the new jobs program? Shit! nt