Air Force Awards Northrop Grumman $81M For Modernization

Law360, Los Angeles (December 3, 2013, 8:13 PM EST) -- The U.S. Air Force has awarded Northrop Grumman Corp. $81 million for the engineering and manufacturing development phase of the Air and Space Operations Center's weapon system modernization program, the defense contractor announced Tuesday.

Northrop was awarded options exercised on the contract first announced in March 2012, when the Air Force selected the company for the program, which has a potential value of $504 million over eight years if all options are exercised. The AOC's weapon system is the command and control center for planning, executing and assessing...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.