APOPKA, Fla., Oct. 6, 2009 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has been competitively selected to continue to provide the U.S. Army with Laser Target Locator Modules (LTLMs) under a five-year indefinite delivery/indefinite quantity (ID/IQ) contract awarded by the Army/ Program Executive Office (PEO) Soldier.
A photo accompanying this release is available at http://media.globenewswire.com/noc/
Northrop Grumman Laser Systems was one of two awardees under the LTLM ID/IQ contract, with an award valued at approximately $22 million. The total potential contract value to Northrop Grumman Laser Systems is an estimated $393 million over the life of the ID/IQ contract.
"This contract award extends our opportunity to provide essential handheld targeting systems to the warfighter," said Gordon Stewart, vice president of Northrop Grumman's Laser Systems business unit. "These systems are an integral component in the war on terrorism and combating the asymmetric threats our troops face today. We take great pride in our ability to deliver a quality product at the rates the warfighter requires, and we look forward to continuing that commitment for the next five years under this contract."
The LTLM family of handheld laser targeting systems provides full day/night imaging capabilities with accurate target location determination to offer the warfighter critical stand-off range for targeting enemy forces.
Northrop Grumman is one of the world's leading manufacturers of military electro-optical (EO) targeting systems. These include ground-based (man-portable, handheld, and vehicle mounted) EO imaging/ranging systems for target location, laser designators/markers for precise guidance of smart munitions, and airborne laser rangefinders and designators fielded onboard many of the world's most sophisticated manned and unmanned aircraft.
Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.
