Northrop Grumman Awarded $860.6
Million Contract Modification for
CVN 21 Aircraft Carrier Program
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Northrop Grumman
received an $860.6 million contract modification
for continuation of work on the CVN 21 aircraft
carrier program.
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NEWPORT NEWS, Va. – Nov. 30, 2006
– Northrop Grumman Corporation (NYSE: NOC) received
an $860.6 million contract modification to a previously
awarded contract for continuation of work on the CVN 21
aircraft carrier program. The base contract modification
is valued at approximately $754 million with an additional
$106.7 million in options. This additional work brings
the total value of the contract to $2.2 billion.
The company’s Newport News sector
will perform the work, which 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 are making good progress on the
design,” said Mike Shawcross, vice president of
the CVN 21 program for Northrop Grumman Newport News.
“We’re more than 50 percent complete with
the overall design. This contract modification will carry
us through 2007 to the next major milestone when we will
establish the construction contract for the first ship
in the class, CVN 78.”
Advance construction began in 2005 for the
CVN 78. This work allows shipbuilders to test the design-build
strategy before overall construction begins in 2008.
The CVN 78 class will be a more capable
class of carriers. Enhancements being incorporated into
the design include flight deck changes, improved weapons
handling systems, and a redesigned island, resulting in
increased sortie rates; 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 and lower operating costs for the
Navy.
Northrop Grumman Corporation is a $30 billion
global defense and technology company whose 120,000 employees
provide innovative systems, products, and solutions in
information and services, electronics, aerospace and shipbuilding
to government and commercial customers worldwide.
