Northrop Gets Software Contract - Analyst Blog
07 Février 2013 - 5:30PM
Zacks
Northrop Grumman
Corporation’s (NOC) airport systems business in Europe
clinched a contract for the supply of Passenger Flow modules to
U.K. based East Midlands Airport Group for an undisclosed amount.
The contract will come into effect immediately.
The Passenger Flow modules is a
part of the company’s flagship Airport Realtime Collaboration
(“ARC”) program. The company’s airport systems support business
offers software products and services for helping achieve
efficiency in airport operations worldwide and is located in
Peterborough, U.K.
As per the agreement, Northrop will
cater to the passenger software needs of East Midlands Group, a
division of the Manchester Airports Group and also provide full
support services. The software forecasts passenger counts, flow
rates and queue times and is expected to identify optimum staff
rosters. In addition to this, the tool gives out real-time
estimates of passenger flow.
The Passenger Flow module enhances
the Airport Collaborative Decision Making ("A-CDM") ability and
aids airport operations to accomplish increased airside capacity,
flexibility and efficiency.
The company’s Europe aircraft
system group recently delivered the world's first integrated
nationwide Internet Protocol (IP)-based VHF solution to Uruguay
which offers voice communications to all aircrafts operating in the
country.
Northrop Grumman has been lately
receiving systems support contracts in its diversified operations.
These include a $33 million contract for the delivery of multimode
maritime radar systems to the U.S. Navy and a $14.1 million
contract to support system development and demonstration phase for
the Joint Counter Radio-Controlled Improvised Explosive Device
(“RCIED”) Electronic Warfare (“JCREW”) 3.3 System.
Northrop’s strength lies in its
lofty backlog of orders which in full year 2012 stands at $40.8
billion. Moreover, its cyber security offering, constant upgrading
of defense and homeland security assets, intelligence, surveillance
and reconnaissance systems, advanced electronics and software
development businesses are expected to be the major top-line
churners, going forward.
However, the imminent threat of
defense budget cuts by the government, cost overruns and gradual
withdrawal of troops from Afghanistan and Iraq are headwinds that
will undermine growth. Currently, the company carries a Zacks Rank
#3 (Hold).
We presently prefer the Zacks Rank
#1 (Strong Buy) stocks, Huntington Ingalls
Industries (HII) and European Aeronautic Defence
and Space Company (EADSY), as well as the Zacks Rank #2
(Buy) stock Lockheed Martin Corporation (LMT).
Headquartered in Falls Church, VA,
Northrop Grumman offers products, services, and solutions in
aerospace, electronics, information systems, and technical services
worldwide.
(EADSY): ETF Research Reports
HUNTINGTON INGL (HII): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
NORTHROP GRUMMN (NOC): Free Stock Analysis Report
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