FALLS CHURCH, Va., May 5, 2014 /PRNewswire/ -- Northrop Grumman
Corporation (NYSE: NOC) has named Diane M.
Balderson, vice president, Contracts and Pricing, reporting
to James F. Palmer, corporate vice
president and chief financial officer. She will succeed
Harry Q.H. Lee, who will retire from
Northrop Grumman at the end of 2014. Lee will work with Balderson
to ensure a smooth transition. Until his retirement, Lee will
continue to have primary responsibility for all contract and
pricing matters, and will work closely with Balderson to ensure a
smooth transition of responsibilities and customer
relationships.
A photo accompanying this release is available at
http://media.globenewswire.com/noc/mediagallery.html?pkgid=25122.
The vice president, Contracts and Pricing provides oversight to
all companywide contracts and pricing policy, and is responsible
for the company's contract risk review process.
"We welcome Diane to the Northrop Grumman team," said Palmer.
"She brings 33 years of experience in U.S. government acquisition
leadership, 21 of which she was a member of the federal senior
executive service. She has led a broad range of large contracting
organizations and has executed complex business deals for both
defense and civil agencies. We look forward to her contributions to
our company."
Balderson comes to Northrop Grumman from her most recent
position as executive director/assistant commander for contracts,
Naval Air Systems Command (NAVAIR), where she was responsible for
executing $30 billion in annual
contractual obligations and expenditures and led 850 civilian,
military and contractor personnel across seven major locations. She
was the first civilian to lead the NAVAIR contracting
organization.
Prior to that, Balderson served as contracting department head
for NAVAIR Air Assault and Special Missions; acting deputy
director, Office of Acquisition Management for the Environmental
Protection Agency (EPA), and director, Superfund/Resource
Conservation and Recovery Act Contracting for the EPA.
Balderson earned the Meritorious Executive Presidential Rank
Award, Department of Navy Distinguished Civilian Service Award and
Department of Navy Superior Civilian Service Award during her
tenure with the U.S. government.
Balderson earned a bachelor's degree from the University of Virginia and a master's degree in
contract acquisition and management from the Florida Institute of Technology.
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.
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SOURCE Northrop Grumman Corporation