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Nuclear Modernization

Northrop Gets Next-Gen ICBM Contract: $13B Over Nine Years

Tuesday, September 8th, 2020

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Northrop Gets Next-Gen ICBM Contract: $13B Over Nine Years

Minuteman III missile

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…

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