Northrop Grumman Corporation has successfully completed the stand up of Newport News Shipbuilding
(NNS) as a fully integrated sector of the company.
Newport News' policies and operating practices now fully comply with the requirements of Northrop Grumman. These include a wide range of policies and procedures, including common financial reporting, program oversight and risk management
, human resources practices and access to the company's electronic network, among others. The builder of nuclear-powered aircraft carriers and submarines now operates as one of the company's six sectors and is led by Thomas C. Schievelbein, corporate vice president and president of Newport News.
Newport News sector will continue to work closely with Northrop Grumman's Ship Systems sector and other corporate elements to drive future cost savings and to achieve synergies in shared services and common procurement practices.