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Business/Financial

Northrop Grumman Wins Navy’s BAMS Contract

DDN

Wednesday, April 23rd, 2008

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By Geoff Fein The Navy yesterday awarded Northrop Grumman [NOC] a $1.16 billion contract to develop the Broad Area Maritime Surveillance (BAMS) unmanned aerial system (UAS), beating out teams led by Boeing [BA] and Lockheed Martin [LMT]. The contract award, which faced numerous delays, was finally approved to move forward on April 8, after the Defense Acquisition Board gave the Navy the go-ahead to move BAMS into the System Development and Demonstration (SDD) phase, according to a Pentagon spokesperson. It…

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