Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

NORTHROP GRUMMAN CORPORATION

(NOC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Northrop Grumman : Signs Agreement with NASA to Design Space Station for Low Earth Orbit

12/02/2021 | 03:21pm EST

DULLES, Va. - Dec. 2, 2021 - Northrop Grumman Corporation (NYSE: NOC), signed a Space Act Agreement with NASA under the Commercial Low-Earth Orbit Development program for $125.6 million to design a safe, reliable and cost-effective commercial free-flying space station in low Earth orbit (LEO). Northrop Grumman's commercial space station design will use current flight systems and advanced crew-focused technology under development that allows for rapid deployment with modular expansion to meet the growing needs of the space economy.

Northrop Grumman's low Earth orbit commercial free-flying space station design leverages flight proven elements to provide the base module for extended capabilities including science, tourism, industrial experimentation, and building of infrastructure beyond initial design.

"Under this agreement, the Northrop Grumman team will deliver a free flying space station design that is focused on commercial operations to meet the demands of an expanding LEO market," said Steve Krein, vice president, civil and commercial space, Northrop Grumman. "Our station will enable a smooth transition from International Space Station-based LEO missions to sustainable commercial-based missions where NASA does not bear all the costs, but serves as one of many customers."

This Space Act Agreement will enable Northrop Grumman to provide a detailed commercialization, operations and capabilities plan as well as space station requirements, mission success criteria, risk assessments, key technical and market analysis requirements, and preliminary design activities.

To support this effort, Northrop Grumman is building a team with unique capabilities and expertise, which includes Dynetics, a wholly owned subsidiary of Leidos, with other partners to be announced in the coming months.

Building on Northrop Grumman's commercial spacecraft experience with the Cygnus spacecraft and the Mission Extension Vehicle (MEV) as well as the in-production Habitation and Logistics Outpost (HALO), Northrop Grumman's design utilizes an overlapping stage approach that minimizes initial costs, provides revenue to offset subsequent development, and allows later capabilities to be added according to market needs.

The station will have the ability to support four permanent crewmembers initially, with plans to expand to an eight-person crew and further capability beyond that. The station is designed for a permanent presence of 15 years.

Northrop Grumman's design, using flight-proven elements, provides the base modules for commercial capabilities including science, tourism and manufacturing. Multiple docking ports will allow future expansion to support exploration crew analog habitats, laboratories, crew airlocks and facilities capable of artificial gravity.

Northrop Grumman is a technology company, focused on global security and human discovery. Our pioneering solutions equip our customers with capabilities they need to connect, advance and protect the U.S. and its allies. Driven by a shared purpose to solve our customers' toughest problems, our 90,000 employees define possible every day.

Disclaimer

Northrop Grumman Corporation published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 20:20:03 UTC.


ę Publicnow 2021
All news about NORTHROP GRUMMAN CORPORATION
01/21NORTHROP GRUMMAN : Built Space Sensor Satellites Launch in Support of US Space Force-8 Mis..
PU
01/21NORTHROP GRUMMAN : Reaches E-2D Manufacturing Milestone
PU
01/20NASA begins process of bringing new space telescope into focus
RE
01/20Northrop Grumman Demonstrates JADC2 Enabling Capabilities in US Army's Project Converge..
AQ
01/19Northrop Grumman Australia Supports Growth of Australian Defence Industry for the Joint..
AQ
01/19NORTHROP GRUMMAN : Demonstrates JADC2 Enabling Capabilities in US Army's Project Convergen..
PU
01/18U.S. FAA halts review of FedEx proposal to install A321 laser-based missile-defense sys..
RE
01/17NORTHROP GRUMMAN : Australia Supports Growth of Australian Defence Industry for the Joint ..
PU
01/17Qinetiq Group Names CEO of US Unit
MT
01/14U.S. FAA reviews FedEx proposal to install A321 laser-based missile-defense system
RE
More news
Analyst Recommendations on NORTHROP GRUMMAN CORPORATION
More recommendations
Financials (USD)
Sales 2021 36 051 M - -
Net income 2021 5 240 M - -
Net Debt 2021 8 440 M - -
P/E ratio 2021 12,3x
Yield 2021 1,55%
Capitalization 63 226 M 63 226 M -
EV / Sales 2021 1,99x
EV / Sales 2022 1,93x
Nbr of Employees 97 000
Free-Float -
Chart NORTHROP GRUMMAN CORPORATION
Duration : Period :
Northrop Grumman Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NORTHROP GRUMMAN CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 398,81 $
Average target price 406,94 $
Spread / Average Target 2,04%
EPS Revisions
Managers and Directors
Kathy J. Warden Chairman, President & Chief Executive Officer
David F. Keffer Chief Financial Officer & Vice President
Richard Scott Stapp Chief Technology Officer
Carl Hahn Chief Compliance Officer & Vice President
Sang-IL Park Director-Corporate Investments
Sector and Competitors