FALLS CHURCH, Va., Nov. 8,
2013 /PRNewswire/ -- Northrop Grumman Corporation (NYSE: NOC) has
been named "Corporation of the Year" by the Maryland/District of Columbia Minority
Supplier Development Council for demonstrating exceptional strength
in areas critical to maintaining a solid minority supplier
development process. The award honors companies dedicated to
improving the overall participation of Asian, Black, Hispanic and
Native American suppliers in the corporate supply chain. Last year
Northrop Grumman subcontracted more than $792 million in Maryland and $25
million in the District of
Columbia.
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Northrop Grumman's socio-economic business programs goal is to
ensure that capable small businesses including small disadvantaged,
woman-owned, veteran-owned and service -disabled veteran-owned,
historically underutilized business zones, AbilityOne
organizations, lesbian, gay, bisexual and transgender concerns and
Historically Black Colleges/Universities and Minority Institutions,
receive the maximum practicable subcontracting opportunities on all
major programs.
More than 35 percent of Northrop Grumman procurement spending
goes to small businesses and women- or minority-owned firms. The
company has met and exceeded the 23 percent small business
statutory goals for more than 10 consecutive years and has received
numerous awards and recognition for support of socio-economic
business programs.
The Maryland/District of
Columbia Minority Supplier Development Council is one of the 37
regional councils of the National Minority Supplier Development
Council, which serve as a direct link between corporate America and
minority-owned businesses.
Northrop Grumman is a leading global security company providing
innovative systems, products and solutions in unmanned systems,
cyber, C4ISR, and logistics and modernization to government and
commercial customers worldwide. Please visit
www.northropgrumman.com for more information.
SOURCE Northrop Grumman Corporation