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.
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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.
CONTACT: Lauren A. Green Northrop Grumman Shipbuilding (757) 380-3581 Lauren.Green@ngc.com