LYCOS RETRIEVER 
Northrop Grumman
built 190 days ago
Northrop Grumman is a member of a team selected by the U.S. Air Force to develop and demonstrate a revolutionary new defense system-Airborne Laser (ABL). Team ABL includes the Missile Defense Agency (MDA), USAF, Boeing, Northrop Grumman and Lockheed Martin. Northrop Grumman is designing and developing the system's Chemical Oxygen Iodine Laser (COIL) and the Beacon Illuminator Laser (BILL). Boeing, the team leader, is responsible for system integration and supplies the 747-400F aircraft and BMC4I-battle management, command, control, communications, computers and intelligence. Lockheed Martin supplies the Beam Control/Fire Control system.
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Northrop Grumman is serving as the FSS prime contractor. The company jointly developed the key technologies incorporated into FSS with Solystic, a company subsidiary in France, and Siemens Energy & Automation, Inc. in Arlington, Texas. This team will field a pre-production version of the system later this year, which will be used by USPS to develop system operational procedures.
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Northrop Grumman has a long standing relationship with and presence in the UK, dating back more than 20-years. Today, the UK remains a critically important market for the company as a supplier base and a source for technology partners.
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Northrop Grumman Corp. (NOC) opened at 80.81. So far today, the stock has hit a low of 80.81 and a high of 81.76. NOC is now trading at 81.69, up 2.17 (2.69%). The stock hit its 52 week high of 85.21 in November and set its 52 week low of 69.05 in January. NOC has been climbing for the past year. Shares of Northrop Grumman have been rising today after the company announced yesterday after the market closed a strategic realignment of several of its operating sectors to improve the company's support to its customers and better utilize its capabilities and resources.
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The Northrop Grumman approach, called Head Start, identifies a rigorous risk assessment focused on system elements, sensor effectiveness, and demonstrating a ForceNet-compliant communications system. "Our principal objective with Head Start is to deliver to the Navy the lowest risk and most cost-effective program," said Carl Johnson, vice president of the BAMS program for Northrop Grumman. "This approach creates a significant program schedule margin which ensures an initial operation capability well ahead of threshold requirements."
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With its corporate headquarters in Los Angeles, California, Northrop Grumman is organized into five divisions, employs 52,000 personnel, and achieved $9.2 billion in sales for 1997. The BMP survey focused on Northrop Grumman’s Military Aircraft Systems Division (MASD) which employs 14,000 personnel, encompasses 320 acres, and achieved $2.6 billion in sales for 1997. This Division, based in El Segundo, California, is a world-class leader in the manufacture of military aircraft and unmanned airborne vehicles; systems integration and engineering research and development; aerostructure modifications; and upgrades to military air vehicles. Although Northrop Grumman was recently surveyed by BMP in October 1997, this survey focused on the environmental practices of the MASD. Among the best practices documented were Northrop Grumman’s elimination of ozone depleting chemicals; work in process cans; chemical tracking system, and Title V operating permits program.
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