Northrop Grumman Corp.(NYSE: NOC) has received a five year contract from the U.S. Army for $599 million. The company will provide the U.S. Army with laser equipment. The lightweight laser designator rangefinders can target enemy positions during the day or night and in haze, smoke, fog and rain. The system is able to recognize a target, find the range to that target and calculate a precise location.
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Northrop Grumman Corporation (Northrop Grumman) is an integrated enterprise consisting of businesses that cover the entire defense spectrum, from undersea to outer space and into cyberspace. The Company is aligned into seven segments categorized into four primary businesses. The Mission Systems, Information Technology, and Technical Services segments are presented as Information and Services. The Integrated Systems and Space Technology segments are presented as Aerospace. The Electronics and Ships segments are each presented as separate businesses. In January 2008, the Newport News and Ship Systems businesses were realigned into a single operating segment called Northrop Grumman Shipbuilding. In April 2008, the Company announced that it has completed the sale of its Electro-Optical Systems business to L-3 Communications. In October 2008, the Company acquired 3001 International, Inc. (3001).
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