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Thursday, April 10, 2008

Northrop May Beat Boeing, Lockheed for Navy Spy Plane

Northrop Grumman Corp., fresh from an upset victory over Boeing Co. for an aerial refueling tanker contract, is favored to score a second decision over its larger competitor in a $2 billion U.S. Navy unmanned spy-plane contest.

Northrop's Global Hawk aircraft, used in Iraq and Afghanistan under a $5.7 billion Air Force program, has ``a better than 50 percent chance'' of beating drones from Boeing and Lockheed Martin Corp. for the Navy order, said Myles Walton, an Oppenheimer & Co. analyst in Boston.

The Pentagon may name a choice this week.

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