Photo Release -- Navy Awards Northrop Grumman $635 Million Contract for
Submarine Work
NEWPORT NEWS, Va., Nov. 16, 2009 (GLOBE NEWSWIRE) -- The U.S. Navy has awarded
Northrop Grumman Corporation (NYSE:NOC) a $635 million cost plus fixed-fee/level
of effort contract for engineering, design and modernization support of new
construction, operational and decommissioning submarines.
A photo accompanying this release is available at:
http://media.globenewswire.com/noc/mediagallery.html?pkgid=6851
The company's Shipbuilding sector in Newport News, Va., is the prime contractor
for the work on both the Los Angeles-class and Seawolf-class submarines which
includes technical support; management of technical manuals and drawings; and
design efforts to support modernization of the ships. Work on the contract is
scheduled to conclude in 2014.
"This contract award continues the core work that is the foundation of our
submarine business. We look forward to continuing our partnership with the Navy
as we endeavor to build and maintain high quality, complex and very capable
submarines for the fleet," said Becky Stewart, vice president for Northrop
Grumman Shipbuilding's submarine program. "This contract brings stability to the
submarine program and our workforce, and the modernization work over the next
five years will greatly benefit our customer."
Planning and engineering for upgrade modifications and modernization is part of
an attack submarine's 33-year life. Northrop Grumman Shipbuilding is the design
agent and planning yard for the Los Angeles class and the lead design and
co-planning yard for the Seawolf-class submarines.
Northrop Grumman Corporation is a leading global security company whose 120,000
employees provide innovative systems, products, and solutions in aerospace,
electronics, information systems, shipbuilding and technical services to
government and commercial customers worldwide.
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CONTACT: Lauren A. Green
Northrop Grumman Shipbuilding
(757) 380-3581
Lauren.Green@ngc.com
