Key Takeaways NOC won a $46.7M contract to support life cycle upgrades for E-2D Advanced Hawkeye aircraft. The deal runs through May 2029 and spans multiple U.S. locations for execution. E-2D jets enhance Navy combat management and battlespace awareness.Northrop Grumman Corp.’s (NOC) business unit, Northrop Grumman Systems, recently clinched a modification contract involving its E-2D Advanced Hawkeye jets. The award has been provided by the Naval Air Systems Command, Patuxent River, MD.Details of NOC’s De ...

Core Viewpoint - Northrop Grumman Corp. has secured a $24.1 million modification contract for its E-2C and E-2D Hawkeye jets, which will enhance its position in the military aviation market and is expected to be completed by April 2026 [2][5]. Group 1: Contract Details - The contract involves continued sustainment and technical support for E-2C and E-2D aircraft, including foreign military sales to France, Japan, Taiwan, and Egypt [2]. - Most of the work will be conducted in Melbourne, FL, and Misawa, Japan [2]. Group 2: Significance of E-2C & E-2D Jets - The E-2D Hawkeye provides advanced battle management, missile defense, and sensor fusion capabilities, enhancing situational awareness for military operations [3]. - The E-2C Hawkeye serves as a modern airborne early warning aircraft, crucial for air and missile defense missions [4]. Group 3: Market Demand and Growth Potential - The demand for Northrop's E-2C and E-2D jets is driven by rising military conflicts and technological advancements, which are expected to boost the company's top-line performance [5]. - The global military aviation market is projected to grow at a compound annual growth rate of 4.7% from 2025 to 2030, benefiting Northrop due to its established product portfolio [6][7]. Group 4: Competitors and Market Landscape - Other aerospace companies like Embraer, Boeing, and Lockheed Martin are also positioned to benefit from the expanding military aviation market, with each having strong growth forecasts [8][10][11]. Group 5: Stock Performance - Northrop's stock has increased by 5% over the past three months, contrasting with a 7.2% decline in the industry [12].