Northrop Grumman Wins U.S. Navy Contract

Tuesday, January 22, 2008
Northrop Grumman Corporation was awarded a delivery order for the fourth year of a five-year contract to provide technical, logistics and material support for mission-critical systems installed on U.S. Navy surface ships and submarines. The fourth-year award, valued at $15.3 million, was granted to Northrop Grumman’s Sperry Marine business unit by Naval Inventory Control Point, Mechanicsburg, Pa. The five-year firm-fixed-price performance-based logistics (PBL) contract has a total value of $65.3 million. Under the contract, Sperry Marine is supplying material management, configuration management and program management services for the AN/WSN-7 ship/submarine inertial navigation systems and the AN/BPS-15 and AN/BPS-16 submarine radar systems.

Contracts

Weak Freight Rates push Grindrod to H1 loss

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J.F. Lehman Acquires Heavy Equipment Group of Oldenburg Group

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New Crane Orders for Huisman

Huisman has secured new crane contracts with a total value of around 300 million Euro from various major offshore, shipping and wind farm installation contractors: •

Finance

China COSCO Falls to H1 Net Loss

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Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

Cosco Eyes Spanish port of Algeciras

Algeciras Bay Port Authority in southern Spain has put up a tender for its third container terminal, and China's Cosco Shipping Ports is already being mentioned as a fore runner candidate,

 
 
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