Northrop Grumman receives $959M defense contract
Falls Church defense contractor to produce aircraft infrared countermeasures
Falls Church-based aerospace and defense contractor Northrop Grumman Corp. was awarded a $959.1 million contract Friday from the U.S. Army for production of infrared countermeasures, which protect aircraft from heat-seeking missiles.
The work is to be completed by April 29, 2026.
The contract comes on the heels of a $2.3 billion defense contract Northrop Grumman received earlier in April to support and maintain propulsion subsystems for Minuteman II intercontinental ballistic missiles. In March, Northrop Grumman and partner Raytheon Missiles & Defense were awarded a Missile Defense Agency contract worth up to $3.93 billion to perform work on the U.S. ballistic missile defense system.
A Fortune 500 company, Northrop Grumman employs roughly 97,000 people worldwide and reported $36.79 billion in 2020 revenue. The company reported $8.9 million worth of contract awards and $9.2 billion in sales for the first quarter of 2021, up from $8.6 billion in sales for the first quarter of 2020.