Northrop Grumman Announces Organization and Leadership Changes
18 Septembre 2019 - 11:00PM
Northrop Grumman Corporation (NYSE: NOC) announces organization
changes to its operating sectors to better align the company’s
broad portfolio to serve its customers’ needs. There will be four
operating sectors: Aeronautics Systems, Defense Systems, Mission
Systems and Space Systems. The changes are effective Jan. 1, 2020.
“This new operating structure allows us to take full advantage
of our company’s portfolio by aligning businesses that have shared
markets, customers and technologies,” said Kathy Warden, chairman,
chief executive officer and president of Northrop Grumman. “It will
accelerate our ability to rapidly identify and deliver the
technologies, products and services our customers need, and fuel
our continued growth and execution.”
In addition, Patrick M. Antkowiak, corporate vice president and
chief strategy and technology officer, and Christopher T. Jones,
corporate vice president and president of Technology Services, have
announced their intent to retire.
“Chris and Pat have made significant contributions to Northrop
Grumman,” Warden said. “Their leadership and commitment to our
company and our customers have been instrumental in laying the
foundation for our future success. I want to sincerely thank them
for their leadership.”
The four operating sectors will be:
- Aeronautics Systems, an innovative manned and
unmanned air system provider, with a proven track-record of systems
engineering, manufacturing excellence and reliability. This sector
will be led by Janis Pamiljans, current corporate vice president
and president of Aerospace Systems.
- Defense Systems, a broad-spectrum provider of
critical technology services, sustainment and modernization,
including integrated battle command systems, directed energy,
tactical weapons and information systems, focused on evolving
threats and quick-turn requirements for a wide variety of national
security, military and civilian customers. The sector will be led
by Mary Petryszyn, current vice president and general manager, Land
& Avionics C4ISR, Mission Systems.
- Mission Systems, a technology leader in open,
cyber-secure, software-defined systems for defense and intelligence
applications across multiple domains. This sector will be led by
Mark Caylor, current corporate vice president and president of
Mission Systems.
- Space Systems, a space and launch systems
provider serving national security, civil and commercial customers.
Blake Larson, current corporate vice president and president of
Innovation Systems, will lead the Space Systems sector.
The changes announced today are not expected to have a material
impact on the company's 2019 financial results or guidance as
updated in July 2019.
Northrop Grumman is a leading global security company providing
innovative systems, products and solutions in autonomous systems,
cyber, C4ISR, space, strike, and logistics and modernization to
customers worldwide. Please visit news.northropgrumman.com and
follow us on Twitter, @NGCNews, for more information.
Forward-Looking Statements
This press release may contain statements that constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “will,”
“expect,” “intend,” “may,” “could,” “guidance,” and similar
expressions generally identify these forward-looking
statements.
Forward-looking statements include, among other things,
statements relating to our future financial condition, results of
operations and/or cash flows. Forward-looking statements are based
upon assumptions that we believe to be reasonable when made, but
which may change over time. These statements are not guarantees of
future performance and inherently involve a wide range of risks and
uncertainties that are difficult to predict. Specific risks that
could cause actual results to differ materially from those
expressed or implied in these forward-looking statements include,
but are not limited to, those identified and discussed more fully
in the section entitled “Risk Factors” in the Form 10-K for the
year ended December 31, 2018 and in our other filings with the
Securities and Exchange Commission.
You are urged to consider the limitations on, and risks
associated with, forward-looking statements and not unduly rely on
the accuracy of forward-looking statements. These forward-looking
statements speak only as of the date this press release is first
issued. We undertake no obligation to publicly update or revise any
forward looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
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Contact: |
Tim Paynter
(Media) |
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703-280-2720 |
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tim.paynter@ngc.com |
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Todd Ernst (Investors) |
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703-280-4535 |
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todd.ernst@ngc.com |
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