Posted on Jul 19, 2021
Northrop Grumman Moon Station Contract Passes $1 Billion in Value | The Motley Fool
488
20
2
10
10
0
Key Points
Northrop won this contract as a "sole-source" provider.
Its latest contract is for module construction. The previous contract was for module design.
The total value for design and construction has now passed $1.1 billion.
What's the best way to win a government contract? If you ask Northrop Grumman (NYSE:NOC), they might tell you: Make sure you're the only company able to bid!
As you may recall, roughly two years ago NASA announced plans to award Northrop Grumman a sole-source contract to build a "Minimal Habitation Module" that astronauts would live in while aboard the planned Lunar Gateway space station. At the time, it wasn't clear quite how much this contract would be worth to Northrop -- I estimated $339 million.
Northrop won this contract as a "sole-source" provider.
Its latest contract is for module construction. The previous contract was for module design.
The total value for design and construction has now passed $1.1 billion.
What's the best way to win a government contract? If you ask Northrop Grumman (NYSE:NOC), they might tell you: Make sure you're the only company able to bid!
As you may recall, roughly two years ago NASA announced plans to award Northrop Grumman a sole-source contract to build a "Minimal Habitation Module" that astronauts would live in while aboard the planned Lunar Gateway space station. At the time, it wasn't clear quite how much this contract would be worth to Northrop -- I estimated $339 million.
Northrop Grumman Moon Station Contract Passes $1 Billion in Value | The Motley Fool
Posted from fool.com
Posted 3 y ago
Responses: 2
Posted 3 y ago
PO1 William "Chip" Nagel solid read/share my friend. Thanks for sharing!
(9)
Comment
(0)
Read This Next