We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Northrop Grumman Wins $93M Navy Contract to Support C2PC
Read MoreHide Full Article
Northrop Grumman Systems Corp. (NOC - Free Report) announced that it has been awarded a contract worth $93 million ceiling value from the Marine Corps System Command, Quantico, VA.
Per the terms, the company needs to provide software maintenance, technical and software development support toward the Command and Control Personal Computer (C2PC) and the Tactical Service Oriented Architecture (TSOA) system.
Work related to the deal will be carried out at San Diego, CA and is expected to be completed by Dec 30, 2017. If all the ordering periods are exercised, it can witness an extension up to four and a half years ending Dec 2021. The contract will utilize fiscal 2017 operations and maintenance funds (Marine Corps) to execution of the operations.
About C2PC and TSOA
Command and Control Personal Computer (C2PC) is a Windows-based client software application that helps in sharing and editing the Common Operational Picture (COP) over multiple workstations and among multiple agencies. Northrop’s C2PC displays the COP from a Global Command and Control System (GCCS) based server or transfer tactical data from other C2PC workstations. It is used to serve the U.S. Marine Corps.
Tactical Service Orientated Architecture (TSOA) allows sharing of mission-critical information on demand. The initiative provides common, open architecture for command and control applications across the Marine Air-Ground Task Force Command.
In the era of advanced technology, C2PC and TSOA offer efficient and enhanced support to military operations.
Our View
We believe that Northrop has significant upside potential, based on the U.S. government’s heightened focus on Intelligence Surveillance Reconnaissance (ISR), unmanned systems, force protection, cyber security, and missile defense.
Meanwhile, the fiscal 2017 budget reflected an annual increase of approximately $2.2 billion over the fiscal 2016 budget. The increased spending would be allocated to certain key areas that can unlock significantly higher opportunities for Northrop Grumman.
In fact, Trump’s presidency seems to have created a win-win situation for the Aerospace and Defense big shots like Lockheed Martin Corp. (LMT - Free Report) , The Boeing Co. (BA - Free Report) and Huntington Ingalls Industries, Inc. (HII - Free Report) . The stocks of these companies saw significant rise after Trump presented his “America First” budget. An increase in the flow of funds from the Pentagon also added to the optimism. We expect these factors to enable Northrop to win more such scrumptious orders ahead.
Price Movement
Shares of Northrop Grumman’s have gained 9.1% in the last three months, outperforming the Zacks categorized Aerospace–Defense industry’s gain of 7.5%.
This outperformance might have been driven by the company’s product innovation and focus on strengthening its Intelligence, Surveillance, and Reconnaissance (ISR) wing.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Northrop Grumman Wins $93M Navy Contract to Support C2PC
Northrop Grumman Systems Corp. (NOC - Free Report) announced that it has been awarded a contract worth $93 million ceiling value from the Marine Corps System Command, Quantico, VA.
Per the terms, the company needs to provide software maintenance, technical and software development support toward the Command and Control Personal Computer (C2PC) and the Tactical Service Oriented Architecture (TSOA) system.
Work related to the deal will be carried out at San Diego, CA and is expected to be completed by Dec 30, 2017. If all the ordering periods are exercised, it can witness an extension up to four and a half years ending Dec 2021. The contract will utilize fiscal 2017 operations and maintenance funds (Marine Corps) to execution of the operations.
About C2PC and TSOA
Command and Control Personal Computer (C2PC) is a Windows-based client software application that helps in sharing and editing the Common Operational Picture (COP) over multiple workstations and among multiple agencies. Northrop’s C2PC displays the COP from a Global Command and Control System (GCCS) based server or transfer tactical data from other C2PC workstations. It is used to serve the U.S. Marine Corps.
Tactical Service Orientated Architecture (TSOA) allows sharing of mission-critical information on demand. The initiative provides common, open architecture for command and control applications across the Marine Air-Ground Task Force Command.
In the era of advanced technology, C2PC and TSOA offer efficient and enhanced support to military operations.
Our View
We believe that Northrop has significant upside potential, based on the U.S. government’s heightened focus on Intelligence Surveillance Reconnaissance (ISR), unmanned systems, force protection, cyber security, and missile defense.
Meanwhile, the fiscal 2017 budget reflected an annual increase of approximately $2.2 billion over the fiscal 2016 budget. The increased spending would be allocated to certain key areas that can unlock significantly higher opportunities for Northrop Grumman.
In fact, Trump’s presidency seems to have created a win-win situation for the Aerospace and Defense big shots like Lockheed Martin Corp. (LMT - Free Report) , The Boeing Co. (BA - Free Report) and Huntington Ingalls Industries, Inc. (HII - Free Report) . The stocks of these companies saw significant rise after Trump presented his “America First” budget. An increase in the flow of funds from the Pentagon also added to the optimism. We expect these factors to enable Northrop to win more such scrumptious orders ahead.
Price Movement
Shares of Northrop Grumman’s have gained 9.1% in the last three months, outperforming the Zacks categorized Aerospace–Defense industry’s gain of 7.5%.
This outperformance might have been driven by the company’s product innovation and focus on strengthening its Intelligence, Surveillance, and Reconnaissance (ISR) wing.
Zacks Rank
Northrop Grumman currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>