Northrop Grumman Corp.
) has received a five-year service contract to support the polar
ice breakers for the U.S. Coast Guard for $5 million. The company
will provide navigation systems and software to support two Coast
Guardvessels, the Polar Star and the Healy. The polar ice
breakers are used to clear pathways for supply ships and support
GENL DYNAMICS (GD): Free Stock Analysis
LOCKHEED MARTIN (LMT): Free Stock Analysis
NORTHROP GRUMMN (NOC): Free Stock Analysis
RAYTHEON CO (RTN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Specifically, per the contract, the company will provide hardware
configuration management, remote technical support and training
classes. Also, the company will be responsible for tuning
integrated bridge system ("IBS") equipment, upgrading autopilots,
adjusting tolerances, improving software and replacing parts
required for maximum system performance before the ice breakers
are deployed for polar missions.
The company indicated that the assembly of the IBS hardware and
related equipment will be done in Charlottesville. Installation
and field testing will however be done directly on the ships.
The company has been supporting the Coast Guard's polar ice
breakers since 1999. On the Polar Star, the task on the contract
is expected to begin this month while on Healy, it will begin in
the summer of 2014.
Now that the U.S. government shutdown has come to an end, defense
players like Northrop,
Lockheed Martin Corp.
General Dynamics Corp.
) would again begin to receive Department of Defense contracts in
Despite the stalemate in the U.S. economy and the threat to
defense budget, Northrop Grumman has emerged as one of the key
winners. On Oct 15, 2013, the company received a contract for the
installation of AN/APX-122A IFF Mode 5/Mode S Interrogators and
AN/APX-123 IFF Mode 5/Mode S Transponders on board three French
navy E-2C "Hawkeye" airborne early warning aircraft.
Northrop Grumman, Lockheed Martin and Raytheon carry a short-term
Zacks Rank #2 (Buy) each.