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4-Traders Homepage  >  Equities  >  Nyse  >  Northrop Grumman Corporation    NOC

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Northrop Grumman : to Provide Complete Refresh of Ground-to-Air Radio Communications at London's Heathrow Airport

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01/18/2018 | 01:24pm CET

MARKET DEEPING, England, Jan. 17 -- Northrop Grumman issued the following news release:

Northrop Grumman Corporation's (NYSE: NOC) U.K.-based air traffic management subsidiary, Park Air Systems, have supported National Air Traffic Services (NATS) with a total overhaul of their ground-to-air radio communication system at Heathrow Airport. This is the first of several planned replacement programmes at U.K. airports.

The Park Air Sapphire system is now live and supports main, standby and emergency operations supplying reliable, safe and clear communications between pilots and air traffic control staff at the U.K.'s busiest airport.

The new generation of Park Air T6 radios are at the heart of this system. Heathrow airport is the first airport to gain safety case approval to operate the latest T6 series radios from the Sapphire product portfolio.

The Park Air T6 radio is a highly capable radio fully compliant with EUROCAE Interoperability Standards for VoIP ATM (ED-137). The T6 radio is designed to meet stringent environmental demands with significantly lower power consumption and no hazardous material, meaning lower end-of-life disposal costs.

The Park Air Sapphire system at Heathrow also includes MARC Server, a configurable browser-based control and monitoring system allowing management of all the Sapphire assets from remote desktops or tablets.

NATS engineers received training at the Park Air Academy, a new purpose built training centre at the company's facility near Peterborough, U.K. The Park Air Academy offers the latest in blended learning, with practical courses centred on system design, implementation and maintenance alongside modules on ATC communications theory.

Iain Harris, NATS director of Service Operations said, "This is a very important programme for NATS, and we are delighted that London's Heathrow Airport is to be the first Park Air Sapphire replacement programme in the U.K."

Danny Milligan, managing director, Northrop Grumman Park Air Systems, added, "We have enjoyed a strong and productive relationship with NATS for many years and are very happy they chose us to support them with such a major programme. We look forward to seeing the Park Air Sapphire system in use at this airport."

Northrop Grumman's Park Air Systems supplies communication systems for airspace operations worldwide. Park Air radios can be found in airports in 200 countries around the world.

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide. Please visit news.northropgrumman.com and follow us on Twitter, @NGCNews, for more information.

© 2018 Targeted News Service, source News Service

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Financials ($)
Sales 2017 25 491 M
EBIT 2017 3 304 M
Net income 2017 2 308 M
Debt 2017 3 829 M
Yield 2017 1,22%
P/E ratio 2017 23,86
P/E ratio 2018 22,22
EV / Sales 2017 2,30x
EV / Sales 2018 2,17x
Capitalization 54 859 M
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Northrop Grumman Corporati Technical Analysis Chart | NOC | US6668071029 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 336 $
Spread / Average Target 6,8%
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Managers
NameTitle
Wesley G. Bush Chairman & Chief Executive Officer
Kathy J. Warden President & Chief Operating Officer
Kenneth L. Bedingfield Chief Financial Officer & Corporate Vice President
Patrick M. Antkowiak Chief Technology Officer & Vice President
Donald E. Felsinger Lead Independent Director
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