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Northrop Grumman : US Air Force Extends E-8C Joint STARS Fleet Support Partnership With Northrop Grumman

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11/18/2017 | 01:42pm CET

ROBINS AIR FORCE BASE, Ga., Nov. 18 -- Northrop Grumman issued the following news release:

The U.S. Air Force has awarded Northrop Grumman Corporation (NYSE: NOC) a 12-month, $349.6 million contract for Total System Support Responsibility (TSSR) of the E-8C Joint Surveillance Target Attack Radar System (Joint STARS) fleet. The integrated logistics support contract covers TSSR Period Year 18, which began, Nov. 1, 2017, and concludes, Oct. 31, 2018.

Under the Joint STARS TSSR program, Northrop Grumman is partnered with the Air Force Life Cycle Management Center to provide integrated logistics support to the 116th and 461st Air Control Wings (ACW) for all facets of sustainment and support of the Joint STARS fleet at Robins Air Force Base and forward operating locations overseas.

This is the 18th TSSR contract renewal for Northrop Grumman as part of the Joint STARS program. The company will continue providing program management, engineering technical support, supply chain and spares management, aircrew training, technical data and customer support with the objectives of maximizing aircraft available for operational and training use and reducing program cost.

"Our 32-year Joint STARS partnership with the Air Force provides us with an in-depth understanding of this powerful mission domain. Over several decades, we have responded to this ever-evolving battlespace by affordably adding 27 different capabilities. We continue to collaborate closely with our customer to keep the high-demand E-8C fleet available and mission capable -- ahead of emerging threats to support our combatant commanders," said Bryan Lima, director, manned C2ISR program, Northrop Grumman Aerospace Systems.

"The Air Force and Northrop Grumman will continue to work to increase aircraft availability while reducing cost on the Joint STARS system to provide the best value for our customers and to deliver this critical capability to our combatant commanders," said Colonel Ray Wier, System Program Manager, C2ISR Division, Battle Management Directorate, Air Force Life Cycle Management Center, U.S. Air Force.

Joint STARS offers battlefield commanders real-time situational information, while simultaneously transmitting target locations to aircraft and ground strike forces. Joint STARS is the only platform in the U.S. arsenal that combines accurate wide-area moving target detection with synthetic aperture radar imagery to locate, classify and track ground targets in all weather conditions from standoff distances. The fleet has flown over 130,000 combat mission hours in support of CENTCOM since September 11, 2001.

The 116th ACW and 461st ACW are part of a 2,500 person total force organization comprised of Georgia Air National Guard and active duty Air Force Airmen. In September 2017, the 461st Air Control Wing's Crew Four was honored by the Air Force Association as the 2016 Airborne Battle Management (ABM) Crew of the Year. The Joint STARS team has won the ABM crew award 15 of the 16 years that it has been awarded.

In addition to work at Robins Air Force Base, TSSR is supported by employees and partners at the Northrop Grumman Manned Aircraft Design Center of Excellence in Melbourne, Florida, the Lake Charles Maintenance and Modification Center, in Lake Charles, Louisiana, and more than 30 major suppliers across the United States.

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.

This document was posted showing the date: Nov. 17, 2017.

Targeted News Service, source News Service

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Financials ($)
Sales 2017 25 512 M
EBIT 2017 3 307 M
Net income 2017 2 304 M
Debt 2017 3 894 M
Yield 2017 1,29%
P/E ratio 2017 22,60
P/E ratio 2018 22,02
EV / Sales 2017 2,18x
EV / Sales 2018 1,95x
Capitalization 51 675 M
Duration : Period :
Northrop Grumman Corporati Technical Analysis Chart | NOC | US6668071029 | 4-Traders
Technical analysis trends NORTHROP GRUMMAN CORPORATI
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 323 $
Spread / Average Target 8,8%
EPS Revisions
Wesley G. Bush Chairman, President & Chief Executive Officer
Gloria A. Flach Chief Operating Officer & Vice President
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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