Northrop Grumman inks $421.6M contract for Missile Defense Agency

Northrop Grumman Systems (NOC -1.8%) awarded a noncompetitive, ID/IQ, hybrid contract with a maximum ceiling value of $421.6M, including $233.9M for the base period; $112M for option period 1; and $75.7M for option period 2.

This contract is for the procurement of a minimum of six additional Boost Vehicles; spare BV components; and BV sustainment to include but not limited to repair, upgrade, and maintenance of software and hardware to support the Ground Based Interceptor BVs.

The ordering period including options is expected to be completed by August 2031. The Missile Defense Agency, Huntsville, Alabama, is the contracting activity.

Manshi Mamtora www.seekingalpha.com