Northrop Grumman Awarded Contract to Develop New Submarine Technology
26 Juillet 2007 - 10:47PM
PR Newswire (US)
NEWPORT NEWS, Va., July 26 /PRNewswire-FirstCall/ -- Northrop
Grumman Corporation (NYSE:NOC) was awarded funding by the U.S. Navy
for research and development of advanced technologies for current
and future submarines. Northrop Grumman's Newport News sector is
the prime contractor for the work, which is valued at approximately
$16.9 million. An additional $5 million funding option could also
be awarded in the next 12 months. The contract supports the
assessment and development of future submarine technologies such as
external torpedo launchers, electric ship systems to replace
current hydraulic systems and other potential improvements. Design
work may also be performed on the Large Scale Vehicle, Cutthroat
(LSV2), a scaled-down submarine test vehicle used to evaluate new
concepts. "We are committed to designing and building the most
advanced submarines in the world," said Becky Stewart, vice
president of submarine programs at Northrop Grumman. "The concepts
and ideas we are formulating today are in an effort to reduce cost
and improve performance for future submarines." In July 2006,
Northrop Grumman was awarded the original contract of approximately
$1 million to begin research and development. Currently about 15
people work under the contract with anticipated growth in the
future to carry out work until the contract expires in July of
2009. Northrop Grumman Corporation is a $30 billion global defense
and technology company whose 120,000 employees provide innovative
systems, products, and solutions in information and services,
electronics, aerospace and shipbuilding to government and
commercial customers worldwide. DATASOURCE: Northrop Grumman
Corporation CONTACT: Jennifer Dellapenta of Northrop Grumman
Newport News, +1-757-380-3558, Web site:
http://www.northropgrumman.com/
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