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Grumman Awarded $102M for Sub Modernization

Northrop Grumman Corporation (NYSE:NOC) has been awarded a cost plus fixed fee contract option valued at $102.7m from the U.S. Navy for work on Los Angeles-class, Seawolf-class, Virginia-class and Ohio-class submarines, special mission submersible interfaces, submarine support facilities and related programs. The company's Shipbuilding sector in Newport News, Va. is the prime contractor and will provide engineering…