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Northrop Grumman gets $51M Army contract
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WASHINGTON - The Army said Tuesday that it has awarded a $51 million contract to a division of Northrop Grumman Corp. for work on air defense units in Iraq.
The contract, awarded Thursday, is for work on the Forward Area Air Defense system. Work is expected to be done by the end of July 2009.
Shares of Los Angeles-based Northrop rose $1.46 to close at $48.06 Tuesday.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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