Northrop Grumman Corporation (NYSE:NOC) has released the following statement on the Global Hawk Block 30 program:
"The Pentagon announced today that it is planning to cancel the Global Hawk Block 30 program and plans to perform this mission with the U-2 aircraft. Northrop Grumman is disappointed with the Pentagon's decision, and plans to work with the Pentagon to assess alternatives to program termination.
"The Global Hawk program has demonstrated its utility in U.S. military operations in Iraq, Afghanistan and Libya, as well as its utility in humanitarian operations in Japan and Haiti. Just a few months ago, the Pentagon published an acquisition decision memorandum regarding Global Hawk Block 30 that stated: 'The continuation of the program is essential to the national security… there are no alternatives to the program which will provide acceptable capability to meet the joint military requirement at less cost.'
"Global Hawk is the modern solution to providing surveillance. It provides long duration persistent surveillance, and collects information using multiple sensors on the platform. In contrast, the aging U-2 program, first introduced in the 1950s, places pilots in danger, has limited flight duration, and provides limited sensor capacity. Extending the U-2's service life also represents additional investment requirements for that program.
"Northrop Grumman is committed to working with our customers to provide the best solutions for our country and our allies. We are pleased with the continuing support for the Global Hawk Block 40 system, as well as for the Navy's Broad Area Maritime Surveillance system and our other unmanned systems."
Source: Northrop Grumman Corporation (NYSE:NOC)
Date: Jan 27, 2012