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

NORTHROP GRUMMAN CORPORATION (NOC)
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Northrop Grumman : Awarded 10-Year, $850M State Department System Modernization Contract

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06/22/2018 | 04:08pm CEST

HERNDON, Va. - June 22, 2018 - Northrop Grumman Corporation (NYSE: NOC) has won a 10-year, $850 million contract for the Consular Systems Modernization program from the Department of State Bureau of Consular Affairs. Under this single-award indefinite-delivery, indefinite-quantity contract, Northrop Grumman will modernize and consolidate the operational environment under a common technology framework in order to better support the services provided by Consular Affairs.

Northrop Grumman has been awarded a 10-year, $850M contract to support Department of State Consular Affairs Consular Systems Modernization.

 

 'We share the Department of State's commitment to ensuring the safety and security of Americans around the globe,' said Thomas Afferton, vice president, civil solutions, Northrop Grumman. 'We are honored to partner with the Department of State Consular Affairs in this modernization effort. Providing expertise and partnership in modernizing legacy systems is core to our business. We look forward to drawing on our deep experience in modernizing systems for defense, intel and civilian customers and applying our unique tools and methodologies to support Consular Affairs.'

Northrop Grumman will support the digital transformation of the systems supporting passport and visa application, adjudication and issuance; emergency and non-emergency citizen services; crisis and other Department of State Consular Affairs services.

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.

Disclaimer

Northrop Grumman Corporation published this content on 22 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 June 2018 14:07:02 UTC

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Financials ($)
Sales 2018 30 061 M
EBIT 2018 3 585 M
Net income 2018 2 918 M
Debt 2018 9 473 M
Yield 2018 1,44%
P/E ratio 2018 18,83
P/E ratio 2019 16,03
EV / Sales 2018 2,13x
EV / Sales 2019 1,79x
Capitalization 54 422 M
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Northrop Grumman Corporati Technical Analysis Chart | NOC | US6668071029 | 4-Traders
Technical analysis trends NORTHROP GRUMMAN CORPORATI
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 370 $
Spread / Average Target 18%
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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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