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Northrop Grumman (NOC) Receives U.S. Postal Service Contract Worth Over $30M

 November 29, 2012 03:03 PM

(By Balachander) Northrop Grumman Corp. (NYSE: NOC) said it has received a three-year contract worth more than $30 million from the U.S. Postal Service.

Under the contract, the global security company will operate U.S. Postal Service's central repair facility in Topeka, Kansas.

Northrop Grumman has operated the facility continuously since 1978.

The program also provides repair services for the Postal Service mail processing equipment, including electronic, mechanical and hydraulic equipment as well as reverse engineering and fabrication services.

Northrop Grumman provides services in unmanned systems, cybersecurity, C4ISR, and logistics and modernization to government and commercial customers worldwide. Its net sales in 2011 were $26.4 billion.

Northrop Grumman has four business sectors: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. 

NOC shares traded 1.09 percent higher at $66.78 on Thursday.

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