Northrop Grumman Awarded $558.6
Million Contract Modification
For New Generation Aircraft Carrier, CVN 21
NEWPORT NEWS, Va. – Nov. 21, 2005
– Northrop Grumman Corporation (NYSE: NOC) received
a $558.6 million contract modification to exercise an
option under a previously awarded contract for continuation
of work on the new generation nuclear-powered aircraft
carrier, CVN 21. A total of $85.2 million has been funded
under current continuing resolution authority.
The company’s Newport News sector
is the prime contractor for the award. Work performed
under this contract includes the continuation of ship
design activities, procurement of long-lead-time materials
to support construction, and advanced construction work
on select parts of the ship.
“We’ve made significant progress
on the CVN 21 program over the past year as we have continued
with design development and advanced component construction
in our steel shops,” said Mike Shawcross, vice president
of the CVN 21 program at Northrop Grumman Newport News.
“This contract modification signifies the continued
support of the program and its importance to the future
of our naval forces.”
Enhancements being incorporated in the CVN
21 class design include flight deck changes resulting
in increased sortie rates; improved weapons movement;
a redesigned island; a new nuclear power plant; increased
electrical power generation capacity; allowance for future
technologies and reduced workload for the sailors, translating
to a smaller crew size.
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.
