Hello, Guest!
  • Tuesday, April 23, 2024

NGC to Work with Italy on Submarines

Northrop Grumman (NYSE:NOC) has been awarded a contract by the Italian shipyard Fincantieri to deliver two full navigation suites for the second pair of U212A class submarines being built for the Italian Navy.

“Northrop Grumman LITEF has a long history of supplying naval navigation products using both fibre-optic gyro and ring laser gyro technologies to customers which include more than 30 of the world’s navies and coast guards” said Norbert Sandner, director of marketing and sales for Northrop Grumman LITEF. “Our state-of-the-art PL41 Mk4 offers the high accuracy and reliability these modern submarines need, and this award demonstrates Northrop Grumman’s continuing commitment to the international naval market.”

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

NuAxis Innovations Names Heather Newlin as Chief Delivery Officer; Raza Latif Quoted Executive Moves

NuAxis Innovations Names Heather Newlin as Chief Delivery Officer; Raza Latif Quoted

Heather Newlin, a GovCon industry executive, has joined federal information technology company NuAxis Innovations as chief delivery officer. NuAxis Innovations CEO Raza Latif announced Newlin’s appointment in a LinkedIn post published Wednesday. “With Heather’s extensive experience in service delivery and her expertise in leading mid-sized federal businesses, I am confident that she will lead us

State Department OKs $140M Sale of Aircraft Contractor Logistics Support to Iraq Foreign Military Sales

State Department OKs $140M Sale of Aircraft Contractor Logistics Support to Iraq

The Department of State has approved the government of Iraq’s request to buy from the U.S. government C-172 and AC/RC-208 aircraft contractor logistics support, training and related equipment through a potential $140 million foreign military sales agreement. Northrop Grumman (NYSE: NOC) will serve as the principal contractor in the FMS transaction, which will enable the