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MarketScreener Homepage  >  Equities  >  Nyse  >  Northrop Grumman Corporation    NOC

NORTHROP GRUMMAN CORPORATION

(NOC)
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Northrop Grumman : Radar Declared Operational for Air National Guard F-16s; AN/APG-83 Scalable Agile Beam Radar (SABR) upgrades continue for Guard, reserve and active-duty fighters

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10/15/2020 | 12:41pm EDT

BALTIMORE - The U.S. Air Force has met Full Operational Capability (FOC) readiness for Northrop Grumman Corporation's (NYSE: NOC) AN/APG-83 SABR active electronically scanned array (AESA) radar on Air National Guard F-16s to meet a U.S. Northern Command Joint Emergent Operational Need (JEON) for homeland defense.

Northrop Grummans Radar Declared Operational for Air National Guard F-16s

Northrop Grumman's AN/APG-83 radar being installed in an Air National Guard F-16 at McEntire Joint National Guard Base, S.C. (U.S. Air Force photo/released)

On Sept. 7, the U.S. Air Force began installation of APG-83 radars on Air National Guard F-16s at Joe Foss Field, Sioux Falls, South Dakota, the fourth U.S. Air Force base to receive AN/APG-83 SABR AESA radar upgrades.

The radar upgrade of Air National Guard F-16s extends the operational viability and reliability of the fleet while providing pilots with 5th-generation fighter radar capabilities to defend our nation's airspace.

'SABR enables F-16 pilots to detect, track, identify and target a greater number of threats faster and at longer ranges from outside the threat envelope,' said Mark Rossi, director, SABR programs, Northrop Grumman. 'This upgrade will keep the multirole F-16 fighter relevant and capable for decades to come.'

The AN/APG-83 features all-weather, high-resolution synthetic aperture radar mapping to present the pilot with a large surface image for more precise target identification and strike compared to legacy systems. Its design incorporates proven hardware and advanced operating modes from Northrop Grumman's fifth-generation F-35 and F-22 AESA radars. The high degree of commonality and shared manufacturing processes and infrastructure drives efficiencies and affordability improvements across all of Northrop Grumman's AESA radar programs.

The AN/APG-83 AESA is now an official program of record for both the active and reserve U.S. Air Force as well as the Guard after the service procured units in February for Air Combat Command and Air Force Reserve F-16 aircraft.

Northrop Grumman solves the toughest problems in space, aeronautics, defense and cyberspace to meet the ever evolving needs of our customers worldwide. Our 90,000 employees define possible every day using science, technology and engineering to create and deliver advanced systems, products and services.

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials (USD)
Sales 2020 35 812 M - -
Net income 2020 3 816 M - -
Net Debt 2020 8 099 M - -
P/E ratio 2020 13,6x
Yield 2020 1,84%
Capitalization 51 420 M 51 420 M -
EV / Sales 2020 1,66x
EV / Sales 2021 1,57x
Nbr of Employees 90 000
Free-Float 99,5%
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Number of Analysts 20
Average target price 382,65 $
Last Close Price 308,43 $
Spread / Highest target 52,4%
Spread / Average Target 24,1%
Spread / Lowest Target -5,65%
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Kathy J. Warden Chairman, President & Chief Executive Officer
David F. Keffer Chief Financial Officer & Vice President
Donald E. Felsinger Lead Independent Director
Thomas M. Schoewe Independent Director
Karl J. Krapek Independent Director
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