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MarketScreener Homepage  >  Equities  >  Nyse  >  Northrop Grumman Corporation    NOC

NORTHROP GRUMMAN CORPORATION

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Northrop Grumman : Selected for Hypersonic and Ballistic Tracking Space Sensor Phase IIa Program

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12/02/2019 | 10:47am EST

MCLEAN, Va. - Northrop Grumman Corporation (NYSE: NOC) has been selected as one of four Other Transaction Authority awards for the Phase IIa Prototype Payload Design and Signal-chain Processing Demonstration of the Missile Defense Agency's (MDA) Hypersonic and Ballistic Tracking Space Sensor (HBTSS) program.

Northrop Grumman Selected for Hypersonic and Ballistic Tracking Space Sensor Phase IIa program

Northrop Grumman is developing a highly capable, affordable, survivable and extensible space-based sensing solution for hypersonic and ballistic missile defense. The company's concept advances under the HBTSS Phase IIa program (Source: Northrop Grumman).

The 12-month HBTSS Phase IIa will demonstrate the payload design for a proposed satellite constellation to detect and track hypersonic and advanced missile threats. Phase IIa retires technical risk through the demonstration of critical technologies required to track advanced weapons like hypersonic missiles from space.

The award continues Northrop Grumman's longstanding partnership with the Missile Defense Agency and broader space and missile defense community on solving critical national security challenges. Northrop Grumman will demonstrate its agile and affordable approach to producing space-based sensors in large quantities for proliferated, global operations.

'We are a leading technology company that has for decades been supporting the space and missile defense missions of our government customers,' said Kenneth Todorov, vice president, Missile Defense Solutions, Northrop Grumman. 'HBTSS is an important undertaking that allows us to see advanced threats like hypersonic missiles in ways we haven't been able to before. If you can see the threats, you can take them out.'

'Through the HBTSS program, we're leveraging our broad base of talent and technology to develop an affordable and extensible solution for this critical component of our nation's missile defense system.'

Northrop Grumman is building Phase IIa upon the concepts developed in Phase I. Work will be performed at various company locations in the United States.

Northrop Grumman's end-to-end, multi-domain approach to hypersonic and ballistic missile defense spans technologies in multiple warfighting domains from sea to space, as well as the electromagnetic and cyber environments. To learn more, visit: https://www.northropgrumman.com/Capabilities/MissileDefense/CounterHypersonics/Home.aspx

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization to customers worldwide. Please visit news.northropgrumman.com and follow us on Twitter, @NGCNews, for more information.

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2019 33 987 M
EBIT 2019 3 724 M
Net income 2019 3 451 M
Debt 2019 11 395 M
Yield 2019 1,36%
P/E ratio 2019 18,7x
P/E ratio 2020 16,6x
EV / Sales2019 2,22x
EV / Sales2020 2,07x
Capitalization 64 037 M
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Average target price 399,80  $
Last Close Price 379,97  $
Spread / Highest target 18,4%
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Spread / Lowest Target -10,5%
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Kathy J. Warden Chairman, President & Chief Executive Officer
Kenneth L. Bedingfield Chief Financial Officer & Corporate Vice President
Patrick M. Antkowiak VP, Chief Technology & Strategy Officer
Donald E. Felsinger Lead Independent Director
Kent Kresa Chairman-Emeritus
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