Aerospace and defense company Northrop Grumman Corporation (NOC) announced that it received a contract worth $2.63 billion from the U.S. General Services Administration (GSA). Northrop will install information technology (IT) infrastructure at the U.S. Department of Homeland Security (DHS), St. Elizabeths , Washington , D.C. , campus with a view to secure communications and operations at this facility.
Northrop will design, install, test, operate and maintain a seamless, integrated and secure IT solution throughout the St. Elizabeths campus. The project will offer top-level security and information platform for the department to carry out its homeland security missions that include interfacing with the departments’ cyber security resources.
Additionally, Northrop will also provide necessary support for operations and maintenance; physical security and access control for the campus and buildings; voice, video and data telecommunications, including wireless; smart building and green management systems; and overall program and subcontractor management.
The duration of the contract is for ten years and the work will be conducted over a five-year base period with a two-year option and an additional three-year option period. The work for the contract will be done in Washington, D.C., and at Northrop’s locations in the national capital region.
The U.S. Department of Homeland Security plays an important part in protecting America’s cyber assets. This department works jointly with public, private and international entities to secure the cyberspace domain. The association of Northrop with this department dates back to 2003, with the company deploying its IT expertise to provide solutions to the federal government.
The adjusted earnings of Northrop at the end of second-quarter 2010 were $2.34 per share versus $1.21 per share at the end of second-quarter 2009. The Zacks Consensus Estimates for third-quarter 2010, fiscal year 2010 and fiscal year 2011 are $1.46 per share, $6.86 per share and $6.66 per share, respectively.
Though the Zacks #3 Rank company, Northrop, exhibits certain positives like favorable projected revenues and diverse earnings streams, the possibility of a defense cut-back, lower backlog, cost over-runs and substantial exposure to missile-defense-related programs keep us cautious. We maintain a Neutral rating on the stock.
Based in Los Angeles, California, Northrop Grumman provides products, services, and integrated solutions in the aerospace, electronics, information and services, and shipbuilding sectors.
Northrop will design, install, test, operate and maintain a seamless, integrated and secure IT solution throughout the St. Elizabeths campus. The project will offer top-level security and information platform for the department to carry out its homeland security missions that include interfacing with the departments’ cyber security resources.
Additionally, Northrop will also provide necessary support for operations and maintenance; physical security and access control for the campus and buildings; voice, video and data telecommunications, including wireless; smart building and green management systems; and overall program and subcontractor management.
The duration of the contract is for ten years and the work will be conducted over a five-year base period with a two-year option and an additional three-year option period. The work for the contract will be done in Washington, D.C., and at Northrop’s locations in the national capital region.
The U.S. Department of Homeland Security plays an important part in protecting America’s cyber assets. This department works jointly with public, private and international entities to secure the cyberspace domain. The association of Northrop with this department dates back to 2003, with the company deploying its IT expertise to provide solutions to the federal government.
The adjusted earnings of Northrop at the end of second-quarter 2010 were $2.34 per share versus $1.21 per share at the end of second-quarter 2009. The Zacks Consensus Estimates for third-quarter 2010, fiscal year 2010 and fiscal year 2011 are $1.46 per share, $6.86 per share and $6.66 per share, respectively.
Though the Zacks #3 Rank company, Northrop, exhibits certain positives like favorable projected revenues and diverse earnings streams, the possibility of a defense cut-back, lower backlog, cost over-runs and substantial exposure to missile-defense-related programs keep us cautious. We maintain a Neutral rating on the stock.
Based in Los Angeles, California, Northrop Grumman provides products, services, and integrated solutions in the aerospace, electronics, information and services, and shipbuilding sectors.
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