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MarketScreener Homepage  >  Equities  >  Nyse  >  Northrop Grumman Corporation    NOC

NORTHROP GRUMMAN CORPORATION

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Northrop Grumman : and Leonardo to Update Italian Airspace

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07/15/2019 | 09:05am EDT

MARKET DEEPING, U.K. - July 15, 2019 - Northrop Grumman Corporation's (NYSE: NOC) U.K.-based air traffic communications subsidiary, Park Air Systems Limited, in partnership with Leonardo, through its subsidiary Vitrociset, has been awarded a radio replacement contract for ENAV, the Italian provider of civil air traffic services. The agreement is a five year contract to replace ground-to-air communications equipment for 46 airports and the supporting en-route infrastructure.

The provision will update existing products to meet the 8.33 kHz channel spacing, using the market leading Park Air T6 radio and other products from the Sapphire portfolio. The modernization will incorporate the requirement to move to Voice over Internet Protocol (VoIP). Equipment comprising of both UHF and VHF T6 radios, antennas and remote control monitoring systems alongside customer acceptance testing and product training will be provided by Park Air.

Vitrociset, a Leonardo company and Park Air's partner, will be responsible for the in-territory services and ongoing maintenance support.

'We are proud to work in partnership with Vitrociset in delivering a solution which will modernize Italian airspace coverage,' said Danny Milligan, managing director, Park Air Systems, Northrop Grumman. 'Our T6 is designed with the future in mind and will be a great asset for ENAV.'

Northrop Grumman Park Air Systems supplies communication systems for airspace operations worldwide. Sapphire ATM communications systems are now installed in more than 50 countries, helping air navigation service providers transitioning into the digital future. In its more than 50 year history, Park Air has sold 60,000 radios in 180 countries around the world.

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.

Disclaimer

Northrop Grumman Corporation published this content on 15 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2019 13:04:03 UTC

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Financials (USD)
Sales 2019 34 034 M
EBIT 2019 3 746 M
Net income 2019 3 340 M
Debt 2019 11 233 M
Yield 2019 1,41%
P/E ratio 2019 18,7x
P/E ratio 2020 16,3x
EV / Sales2019 2,16x
EV / Sales2020 2,01x
Capitalization 62 250 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 373,25  $
Last Close Price 367,91  $
Spread / Highest target 13,6%
Spread / Average Target 1,45%
Spread / Lowest Target -19,3%
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NameTitle
Kathy J. Warden President, CEO, COO & Director
Wesley G. Bush Chairman
Kenneth L. Bedingfield Chief Financial Officer & Corporate Vice President
Patrick M. Antkowiak Chief Technology Officer & Vice President
Donald E. Felsinger Lead Independent Director
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