Kathy Warden, president and chief operating officer of Northrop Grumman (NYSE: NOC), has said the company will begin in 2019 to consolidate into a single unit its system modernization and advanced defense services areas that operate under its technology services business.
“The new structure at TS is aimed at creating a better focused organization on innovation and affordability,” she added.
Warden, who will succeed Wes Bush as Northrop CEO in January, noted that the consolidation comes as the company’s logistics business area continues to see growth and other TS segments secure new work.
She mentioned Northrop’s goal to deliver 116 F-35 aircraft fuselages this year and the company’s involvement in the competition for satellite payloads on the next-generation overhead persistent infrared GEO missile-warning platform.
Northrop ended the third quarter of 2018 with $52.6B in total backlog and reported a sales raise of 23 percent to $8.1B in the previous quarter.