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

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Northrop Grumman : Wins Contract Extension to Provide UK’s Forensic and Biometric Capability

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08/22/2017 | 06:04pm CEST

LONDON -- Northrop Grumman Corporation (NYSE: NOC) has been awarded an extension to its existing contract with the Home Office to continue providing services, systems operations and maintenance for the Forensic and Biometric Interim Capability (FABrIC).

Under the two-year contract extension, which started in April 2017, Northrop Grumman is responsible for the base operations and maintenance of the FABrIC contract and the IDENT1 System.

IDENT1 provides identity management and crime scene forensic systems, which use fingerprints as the principal means of forensically verifying or resolving identities in the U.K. for law enforcement. IDENT1 serves approximately 30,000 users at 500 physical locations and interfaces with other national systems and local police force systems. Its primary capabilities include finger and palm print analysis, print search capabilities with access to international databases, verification of the identities of arrested persons, and information sharing capabilities between the police forces and specialist agencies throughout England, Scotland, Wales and Northern Ireland.

Operated in conjunction with Livescan, the means by which fingerprints are captured and sent electronically, it is a critical part of the national infrastructure for policing.

"This contract extension will enable us to maintain continuity of services for the Home Office and to provide the police force with the advanced national identity management capabilities they need," said Andrew Tyler, chief executive, Northrop Grumman Europe.

Northrop Grumman will continue to work together with the Home Office to deliver the FABrIC service, and as the prime contractor and service operator, will lead the key subcontractors and third party suppliers to deploy this mission-critical system.

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.

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(c) 2017 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials ($)
Sales 2017 25 379 M
EBIT 2017 3 106 M
Net income 2017 2 196 M
Debt 2017 4 319 M
Yield 2017 1,44%
P/E ratio 2017 21,60
P/E ratio 2018 19,92
EV / Sales 2017 2,01x
EV / Sales 2018 1,91x
Capitalization 46 605 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 280 $
Spread / Average Target 4,5%
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Managers
NameTitle
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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