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Business/Financial

Contracts

DDN

Monday, March 17th, 2008

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Army Contract Seeks New Kinetic Missile Interceptor To Kill Rockets, Artillery The Army is awarding contracts for design and demonstration of a prototype kinetic-kill missile interceptor that would take down enemy rockets, artillery and mortars. Northrop Grumman Corp. [NOC] received one of the contracts, worth $6 million in the first phase and up to $40 million if all options are utilized. The other contract went to Lockheed Martin Corp. [LMT], worth some $100 million if all options are used, a…

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