USN Awards NGC $1.4 Bn Contract to Build DDG 1001

(Pascagoula, Miss., February 14, 2008) -- The U.S. Navy today awarded Northrop Grumman Corporation (NYSE:NOC) a $1.4 billion cost plus incentive fee contract for the construction of a Zumwalt-class destroyer, DDG 1001, as well as major components for the DDG 1000. The contract was awarded to Northrop Grumman Shipbuilding, a newly-formed company sector comprising the former Ship Systems and Newport News shipbuilding sectors.

"This contract award provides the groundwork that will help define the future of U.S. Navy shipbuilding," said Mike Petters, corporate vice president and president, Northrop Grumman Shipbuilding. "Our involvement in this program highlights our traditional expertise and success in building surface combatants."

Northrop Grumman Shipbuilding's Gulfport facility will build the composite deckhouse for all DDG 1000 class destroyers; this award includes the construction of the deckhouse for DDG 1000.

"The award marks another key milestone in our continuing program execution beginning with the validation of breakthrough technologies," said Brian Cuccias, Northrop Grumman vice president of DDG 1000. "These technologies will be incorporated in this destroyer and bring an advanced level of fighting capability to the Navy and Marine Corps. With a shift in focus to more composite structures in naval applications, our Gulfport, Miss., facility becomes an important factor in the success of the DDG 1000 program."

Source : Northrop Grumman Corporation

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