Northrop Grumman (NYSE:NOC) has received a new contract from NASA.

Northrop Grumman (NYSE:NOC) Wins NASA Deal

Under this new deal, the US based defense contract giant Northrop Grumman (NYSE:NOC) will develop a powerful solar electric propulsion flight concepts for human exploration and deep space missions.

According to Jim Munger, Northrop Grumman (NYSE:NOC) Aerospace Systems’ solar electric propulsion program manager, “the company together with its partners is involved in the development of alternatives to the usual solar array method. The company’s concept can be scaled up to ³300 kW and has the capability for decreasing the complexity and cost of high-power needs.”

Northrop Grumman (NYSE:NOC) company shares are currently standing at 58.30.

Price History
Last Price: 58.30
52 Week Low / High: 49.2 / 72.5
50 Day Moving Average: 57.55
6 Month Price Change %: 3.8%
12 Month Price Change %: -7.1%