USAF Selects NGC as Partner on GBSD Program

The U.S. Air Force has selected Northrop Grumman Corporation (NYSE: NOC) as one of two companies to mature designs for the Ground Based Strategic Deterrent (GBSD) program, the nation’s next Intercontinental Ballistic Missile (ICBM) system.

The company was awarded a $328 million contract to execute the Technology Maturation and Risk Reduction (TMRR) phase of the GBSD program.

“We look forward to the opportunity to provide the nation with a modern strategic deterrent system that is secure, resilient and affordable,” said Wes Bush, chairman, chief executive officer and president, Northrop Grumman. “As a trusted partner and technical integrator for the Air Force’s ICBM systems for more than 60 years, we are proud to continue our work to protect and defend our nation through its strategic deterrent capabilities.”

Source: Northrop Grumman Corporation (NYSE:NOC)
Date: Aug 21, 2017