Northrop Grumman (NOC) lands $3B agreements to scale up interceptor missile parts production

1. 1Northrop Grumman (NOC) has been selected by the U.S. government and signed two multi-year framework agreements totaling $3 billion to expand its stockpile of interceptor missile components.
2. 2As the Department of War and Lockheed Martin (LMT) move to triple PAC-3 production and quadruple THAAD production, Northrop will supply solid rocket motors and related items under a $2 billion award and increase monthly deliveries of THAAD components over seven years under a $1 billion award.
3. 3Announced as a centerpiece of the Trump administration's 'Freedom Arsenal' security agenda, the deals come right after the Department of War awarded Lockheed Martin up to $53.86 billion for PAC-3.

Source The Wall Street Journal +1 · View original ↗

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