Northrop Grumman Corporation
) received a three-year contract from the U.S. Army to build and
deliver hand-held targeting devices ("HHTPDs") at its Apopka
operation in Florida. The contract is valued at $9.2 million. To
date, the company has delivered over 25,000 laser targeting
systems to the Army.
The hand-held device weighing around 5.5 pounds enables land
forces to accurately convey critical mission data to aircraft and
command outfits. The newly designed small and lightweight HHTPDs
include a celestial navigational module.
The cutting-edge device is a high-tech version of the
previously manufactured portable Lightweight Laser Designator
Rangefinder IIH. Northrop currently has a series of such laser
systems in the pipeline for production like the Mark VII and Mark
VIIE laser target locators, M1 Abrams Eyesafe Laser Rangefinder
and Target Acquisition Designation for the AH-64 Apache to name a
From the start of 2013, the company has been busy amassing
contracts from the U.S. defense sector. Recently, Northrop
acquired a $14.1 million contract to support system development
and demonstration phase via preliminary design evaluation for the
Joint Counter Radio-Controlled Improvised Explosive Device
Like the other defense operators, the possibility of cutbacks
in defense spending in the U.S. will impact Northrop's future
prospects. However, strong international orders could somewhat
mitigate the losses from domestic defense cuts.
Northrop Grumman currently retains a Zacks Rank #3 (Hold).
Another Zacks Ranked #3 defense operator to look out for is
). The company is also stepping up its business and has got hold
of two contracts worth $212.8 million for the production of
Evolved Seasparrow Missiles ("ESSM") from the U.S. Navy and for
providing components required for the manufacturing of ESSM
weapons to the Mitsubishi Electric Corporation of Japan.
Based in Falls Church, Virginia, the $16.56 billion company
provides products, services, and solutions in aerospace,
electronics, information systems, and technical services
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