NG Wins Risk-Reduction Contract for ICBM Replacement

The U.S. Air Force has selected Northrop Grumman Corporation (NYSE: NOC) as one of two companies to mature designs for the Ground Based Strategic Deterrent (GBSD) program, the nation’s next Intercontinental Ballistic Missile (ICBM) system.

As a precursor to a contract that could ultimately be worth about $62 billion, Boeing and Northrop Grumman Air Force each received a $328 million contract to execute the Technology Maturation and Risk Reduction (TMRR) phase of the GBSD program.

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