Northrop Grumman Corp. / NOC
Pictured is the Arlington node of Northrop Grumman's Cyber-Warfare Integration Network, a virtual, real-time, geographically distributed battlefield environment that is linked to other Northrop Grumman sites through a high-speed, high-bandwidth wide area network allowing the company to participate in joint virtual war-gaming exercises. (Photo: Courtesy of company.)
About Northrop Grumman Corp.
1840 Century Park East, Los Angeles, Calif. 90067
www.northropgrumman.com
| 310-553-6262
| Founded: 1939
Industry: Aerospace And Defense | Category: Top Companies Headquartered Outside Region
Last year, Northrop's shipbuilding business survived a potential budgetary disaster but was caught in the middle of a climatic disaster. Despite pressure to scale back Pentagon spending, the company's DD(X) destroyer program survived expected budget cuts. But three of the company's shipyards — two in Mississippi and one in Louisiana — were in the path of Hurricane Katrina and suffered $1 billion in damage. The company has said it expects to recover most of those losses through its insurance company.
The company also positioned itself for a major competition with Chicago-based Boeing Co. Northrop said it would use a plane from Boeing's European rival, Airbus SAS, to compete for billions of dollars of work building 100 refueling tankers for the Air Force. Boeing lost its initial contract to build the planes because of a procurement scandal, opening the work to competition.
Northrop also continued to focus on enlarging its information technology business. The company acquired the privately held firm Integic Corp. of Chantilly, which had $161 million in revenue in 2004, for an undisclosed price. Northrop also received a contract, potentially worth $2 billion, from the state of Virginia to modernize its information technology infrastructure. The public-private partnership will bring 433 high-tech jobs to southwest Virginia and 631 jobs to Chesterfield County, according to a Virginia Information Technologies Agency statement.
Northrop also settled a 16-year-old whistle-blower lawsuit in which the company was accused of overcharging the government for work done on several defense programs. The company agreed to pay $62 million to settle former employees' allegations that it inflated the price of several programs and misrepresented progress on others.
President and COO: Wes Bush
2007 Financial Data
Total employees: 123,600 | Local employees: 20,340Did You Know
Northrop Grumman is the Pentagon's third-largest defense contractor, building ships, aircraft carriers and unmanned aerial vehicles.
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