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Northrop gets $268.1M Navy deal


Published : Mon, 29 Jan 2007 23:55
By : Agencies
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WASHINGTON (AFX) - The U.S. Navy said on Monday it awarded a $268.1 million contract boost to a unit of defense contractor Northrop Grumman Corp.

Pascagoula, Miss.-based Northrop Grumman Ship Systems will provide additional design work on the Navy's multi-mission destroyer, the DDG 1000 Zumwalt Class. The company has already received $39.4 million for advanced design work on the ship.

Shares of Northrop Grumman gained 25 cents to finish at $70.74 on the New York Stock Exchange.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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