Aerospace and defense operator
Northrop Grumman Corporation
) was selected by the U.S. Navy to assist in the Consolidated
Afloat Networks and Enterprise Services (:CANES) full deployment.
The objective is to upgrade cybersecurity, command and control,
communications and intelligence (C4I) systems across the fleet.
Northrop Grumman had received a $37 million contract from the U.S.
Navy in 2012 for the design, development and limited deployment
phase of CANES. We believe Northrop's prior experience and its
expertise have helped it to clinch this full deployment contract.
Northrop will be one among five contractors to fully deploy CANES.
Since the first installation of the CANES system aboard the
destroyer USS McCampbell (DDG 85) in Nov 2013, this system has been
deployed on nine destroyers as of Aug 15, 2014. The U.S. Navy plans
to install the CANES system in 180 platforms, which will include
surface ships, submarines and Maritime Operations Centers. The
system is expected to reach full operational capability around
Northrop Grumman will utilize its Modular Open Systems
Approach-Competitive process for the CANES solution. CANES'
ultimate motive is to strengthen the network infrastructure,
improve security, reduce existing hardware footprint, increase
interoperability and decrease total ownership costs.
Northrop Grumman currently holds a Zacks Rank #2 (Buy). Other
well-ranked players in the aerospace and defense industry include
The Boeing Company (
), General Dynamics (
) and Lockheed Martin Corporation (
). All these stocks carry the same Zacks Rank as Northrop
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