
As expected, the Air Force has awarded Northrop Grumman [NOC] a contract to build the Ground Based Strategic Deterrent, the next generation of nuclear-tipped intercontinental ballistic missiles, under a nine-year contract worth more than $13 billion over 10 years. The Air Force announced the award late Monday. Last year, in a procurement notice, the service ballparked the award at $25 billion or so. Northrop’s stock was down a bit Tuesday, but the award dropped after the closing bell, before the…