Northrop Grumman Organization Changes

Thursday, January 08, 2009

Northrop Grumman Corporation (NYSE: NOC) announced several structural actions to strengthen alignment with its customers, improve the company's program performance and growth potential, and enhance its cost competitiveness. These actions, effective immediately, include streamlining its organizational structure, reducing the number of sectors from seven to five.

The five sectors will be Aerospace Systems; Electronic Systems; Information Systems; Shipbuilding; and Technical Services. "These actions are critical steps in shaping our future," said Ronald D. Sugar, Northrop Grumman chairman and chief executive officer. "Key to our success is the early anticipation of changes in our markets, and then the adjustment of our business structure to better position us to address our customers' needs and improve our competitiveness. These actions build on last year's realignment of our shipbuilding business into a single sector and the establishment of a centralized Enterprise Shared Services organization."

In merging the Integrated Systems and Space Technology sectors, Northrop Grumman creates an approximately $10b business, which is a premier provider of manned and unmanned aircraft, space systems, missile systems and advanced technologies critical to our nation's security. Gary W. Ervin, currently corporate vice president and president of the Integrated Systems sector, will lead Northrop Grumman Aerospace Systems, bringing nearly thirty years of aerospace experience, from both within Northrop Grumman and outside the company.

(www.northropgrumman.com)

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Damen Responds to Evolving Fishing Practices

Maaskant Shipyards Stellendam meets fishing sector’s growing needs by performing electric pulse fishing conversions   As European fishing policies evolve, so fishing techniques advance.

Maaskant Shipyards Earns ISO 9001:2008 Certificate

Maaskant Shipyards (Stellendam), part of Damen Shipyards Group, has received certification from Bureau Veritas for aligning its quality and management systems with

Duffy Named President of Carnival Cruise Line

Christine Duffy has been named president of Carnival Cruise Line, Carnival Corporation & plc. announced today.   Duffy, currently president and CEO of Cruise Lines International Association (CLIA),

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1965 sec (5 req/sec)