HERNDON, Va., Nov. 10, 2008 (GLOBE NEWSWIRE) -- The Contract Field Teams (CFT) office has awarded Northrop Grumman Corporation (NYSE:NOC) a task order under the CFT indefinite delivery/indefinite quantity (ID/IQ) contract to provide all squadron maintenance services for Navy Test Squadron VX-30 at Point Mugu Naval Air Station, Calif.
Under the task order, valued at approximately $26 million over two years, Northrop Grumman will provide support for VX-30's four C-130 Hercules and four P-3 Orion aircraft.
Northrop Grumman was one of seven large companies awarded the CFT ID/IQ in July, which has a potential collective value of up to $10.12 billion over seven years, to provide modification, maintenance and repair on U.S. Air Force, Army and Navy weapons systems and support equipment at operational installations in the United States and abroad.
"Our Northrop Grumman team is excited about our first CFT task order, and the opportunity to continue to provide world-class support to our nation's warfighters around the world," said Jim Putnam, Northrop Grumman Technical Services sector's program manager for CFT. "We have demonstrated time and again our ability to successfully accomplish complex mission requirements, while providing best value to our customer."
Northrop Grumman Corporation is a global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.