Sperry Marine nabs big defense contract

According to a March 22 press release put out by the U.S. Department of Defense, Northrop Grumman Systems Corp., Sperry Marine is being awarded a "$40,305,984 indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee contract for engineering and technical services in support of the analysis, repair, alteration, maintenance and product improvement on existing Sperry Marine Integrated Bridge System (IBS) and steering/ship control systems equipment."

While we’re not sure what that means, we do know that’s a heck of a lot of money!

According to the release, the work will be performed here in Charlottesville and is expected to be completed by March 2011.