Navy Awards Northrop Grumman $402M Funding for DDG 105

Thursday, January 02, 2003
U.S. Navy will provide Northrop Grumman funding of more than $401.5 million for DDG 105, the second of four DDG 51-class Aegis-guided missile destroyers awarded to the company's Ship Systems sector. The original contract for $1.9 billion was received in September 2002. Funding for DDG 105 is part of a multi-year procurement plan under which the Navy is awarding multiple ships under a single contract. DDG 105 is Northrop Grumman Ship Systems' 26th contracted Aegis destroyer.

"This funding for DDG 105 continues to demonstrate the Navy's confidence in the quality and professionalism Northrop Grumman Corporation has consistently delivered through the history of the Aegis destroyer program," said Dr. Philip A. Dur, Northrop Grumman corporate vice president and president of the company's Ship Systems sector.

"This program has been at the core of our operations for 25 years and we, as a company, are delighted to see it continue." Construction of DDG 105 is scheduled for completion in 2008.

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