Hello, Guest!
  • Friday, November 8, 2024

Northrop Wins $534M Army Artillery Fuze Supply Contract

Northrop Grumman (NYSE: NOC) has won a five-year, $533.8 million contract to manufacture fuze devices for U.S. Army artillery.

The branch’s contracting command received two bids for the M782 multi-option fuze procurement via an online solicitation and expects work under the firm-fixed-price contract to be complete by July 26, 2027, the Department of Defense said Wednesday.

The M782 device is designed to work with 105 millimeter and 155mm projectile rounds and equipped with modern electronic technologies, according to the Army Picatinny Arsenal.

Video of the Day

Related Articles

Northrop Board OKs 8% Quarterly Dividend Increase; Kathy Warden Quoted Financial Reports

Northrop Board OKs 8% Quarterly Dividend Increase; Kathy Warden Quoted

Northrop Grumman (NYSE: NOC) has increased its quarterly dividend by 8 percent to $1.87 per share. The company said Tuesday its board of directors authorized the raise and that shareholders of record as of the close of business on May 30 will receive the dividend June 14. Kathy Warden, chair, CEO and president of Northrop,

Northrop Wins $406M Air Force Engineering Support Task Order Contract Awards

Northrop Wins $406M Air Force Engineering Support Task Order

Northrop Grumman (NYSE: NOC) has secured a five-year, $405.7 million task order from the U.S. Air Force to provideĀ engineering services in support of intelligence activities at the Department of Defense and intelligence community centers and satellite branches. The company will also perform operational technical work under the cost-plus-fixed-fee task order, DOD said Monday. A total

Northrop Maintains $1.73 Dividend for Shareholders Financial Reports

Northrop Maintains $1.73 Dividend for Shareholders

Northrop Grumman‘s (NYSE: NOC) board of directors has approved a quarterly cash dividend of $1.73 per share on the company’s common stock for the second quarter, remaining steady from the dividend rate announced three months ago.  The company said Wednesday it will give the dividend on Sept. 14 to stockholders of record at the close