Northrop
Grumman Awarded $1.386 Billion Contract
For New Generation Aircraft Carrier, CVN 21
NEWPORT
NEWS, Va. - May 21, 2004 - Northrop Grumman Corporation
(NYSE: NOC) received a $1.386 billion construction
preparation contract for work on the new generation
nuclear-powered aircraft carrier, CVN 21.
The
company’s Newport News sector is the prime contractor
for the award. Work performed under this contract
includes the continued design of the ship’s propulsion
plant and increased design efforts of the ship to
meet the requirements of increase sortie rates, manning
reductions and weight reductions. Long lead time materials,
such as propulsion machinery, will also be purchased
under this contract, and advanced construction will
begin for select units. The contract also provides
for continued research and development efforts with
key suppliers.
"The
award of this contract is a major milestone in the
life of this 21st century aircraft carrier,” said
Matt Mulherin, vice president for the CVN 21 program
at Northrop Grumman Newport News. “It provides for
the continued design of this ship and the development
of innovative new technologies in support of transformational
warfighting and sea-basing concepts for our naval
forces through the next decade."
Innovations
for CVN 21 include an enhanced flight deck, improved
weapons movement, a redesigned island, a new nuclear
power plant, allowance for future technologies and
reduced manning. Construction is expected to begin
in 2007 with delivery to the Navy in 2014.
Northrop
Grumman Newport News, headquartered in Newport News
Va., is the nation’s sole designer, builder, and refueler
of nuclear-powered aircraft carriers and one of only
two companies capable of designing and building nuclear
powered submarines. Newport News also provides after-market
services for a wide array of naval and commercial
vessels. The Newport News sector employs about 19,000
people.
CONTACT:
Jerri Fuller Dickseski
Northrop Grumman Newport News
(757) 380-2341