NG Awarded U.S. Navy Radar Contract

Friday, February 12, 2010

Northrop Grumman Corporation (NYSE: NOC) has received a full-rate production contract from the U.S. Naval Sea Systems Command for its AN/SPQ-9B shipboard radar systems, which will enhance detection and tracking of high-speed threats such as sea-skimming anti-ship missiles.

Under the fixed-price $26.2m contract, Northrop Grumman’s Naval and Marine Systems Division facility in Melville, N.Y., will supply four shipsets. The contract includes options that could bring the total value to $281.5m. The options encompass a wide range of U.S. aircraft carriers, cruisers and amphibious assault ships, as well as the U.S. Coast Guard National Security Cutter.


Contracts

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

Navy

This Day In Naval History: August 30

1923 - USS Colorado (BB 45) is commissioned. Notable during her pre-World War II service, she helps in the search for missing aviator, Amelia Earhart, in 1937. During WWII,

This Day In Naval History: August 29

1861 - During the Civil War, Seaman Benjamin Swearer lands with troops from the steam sloop of war, Pawnee, and takes part in the capture of Fort Clark, at Hatteras Inlet, N.

USS Freedom Suffers Casualty

The U.S. Navy's first littoral combat ship USS Freedom (LCS 1) experienced a casualty to one of its main propulsion diesel engines (MPDE) on July 11 reportedly

 
 
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