- Northrop Grumman Corp (NYSE:NOC) has secured an IDIQ contract with a maximum amount of ~$3.29 billion by the Missile Defense Agency (MDA) for the Ground-based Midcourse Defense (GMD) Weapon System (GWS) program.
- Under the competitively procured contract, Northrop Grumman will provide design, development, verification, deployment, and sustainment support of new capabilities for GWS.
- Also Read: Northrop Grumman Q2 Results Miss Estimates; Reiterates FY22 Outlook
- “As the GWS prime contractor, we will continue to work closely with MDA to optimize and develop modern missile defense systems to defend against evolving threats and provide advanced capabilities for the warfighter,” said Scott Lehr, VP and general manager, launch and missile defense systems, Northrop Grumman.
- Price Action: NOC shares are trading lower by 0.46% at $476.72 on the last check Monday.
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