The contract between the two parties is worth up to $9.9 billion over the next ten years and it will help sustain and improve the Air Force’s B-2 stealth bomber. The deal consists of a five-year base period and a five-year option.
The U.S. Department of Defense announced the deal on Tuesday which will see Northrop Grumman work on enhancements, engineering, software maintenance and support equipment for the strategic bomber.
Northrop Grumman is headquartered in West Falls Church, Virginia and it is consistently ranked as a top ten military-friendly employer. Wesley G Bush and Ronald Sugar are the company’s CEOs.
NOC stock is up about 0.4% Wednesday afternoon.
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