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NGC Scores Navy Deal

Northrop Grumman (NYSE:NOC) claimed a Navy contract worth $175 million for “advance procurement of long-lead materials and performance of engineering and planning efforts for LHA 7, the second in the Navy’s newest class of large-deck amphibious assault ships. The first ship, America (LHA 6) is currently 25 percent complete.”

“This contract marks the first milestone for the Navy’s newest large-deck amphibious ship, ” said Kevin Jarvis, vice president of large deck programs. “Procuring long-lead material in advance of starting construction helps the shipbuilder manage cost and schedule, and managing our supply chain is one of our top priorities in shipbuilding. This contract is a first step to transition to the ship construction contract. There is a great team in place ready to perform and build another quality amphibious ship.”

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