BETHPAGE, N.Y., Aug. 5, 2011 -- Northrop Grumman Corporation (NYSE: NOC ) has been awarded $795 million in contracts by the U.S. Navy for the E-2D Advanced Hawkeye Program.
Under a sole source, firm-fixed price $761 million contract, prime contractor Northrop Grumman will manufacture and deliver five low-rate initial production (LRIP), Lot 3, E-2D Advanced Hawkeye aircraft to the U.S. Navy. Also under this contract, are long lead materials for five LRIP, Lot 4, E-2D Advanced Hawkeyes.
Northrop Grumman also received a $34 million modification to a previously awarded contract for the procurement of one additional E-2D Advanced Hawkeye LRIP, Lot 2, aircraft.
"These contracts are a significant milestone for the E-2D Advanced Hawkeye Program and the U.S. Navy," said Jim Culmo, vice president, Airborne Early Warning and Battle Management Command and Control, Northrop Grumman. "The innovation Northrop Grumman applied to the design and development of the E-2D Advanced Hawkeye leverages experience gained from providing uncompromised airborne early warning and battle management command and control for more than 50 years. This affirms that the E-2D Advanced Hawkeye is the right platform providing the right capability at the right time," Culmo said.
"Solidifying contracts that provide a critical requirement to protect our nation's interests and accomplish an overall cost savings without compromising capability, achieves the team's goals in the execution of the E-2D program," said Capt. Shane Gahagan, Naval Air Systems Command Hawkeye-Greyhound program manager.
To date, Northrop Grumman has delivered five E-2D aircraft to the Navy, one of which was delivered to the fleet and is currently used to conduct aircrew and maintenance training at Naval Air Station Norfolk in Virginia. An additional six aircraft are in various stages of manufacturing and pre-delivery flight test as the program continues to move forward on the road to full-rate production.
Northrop Grumman leads a world-class industry team that continues to successfully execute all cost and schedule requirements for the E-2D Advanced Hawkeye.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in aerospace, electronics, information systems, and technical services to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
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