Northrop Grumman Shipbuilding’s Petters Speaks at Supplier Event

Thursday, November 18, 2010
Photo courtesy Northrop Grumman Corporation

Northrop Grumman Corporation (NYSE:NOC) held a shipbuilding supplier briefing to reinforce the importance of the role the supplier base plays in helping Northrop Grumman Shipbuilding (NGSB) build ships for Navy and Coast Guard customers. This was the third such briefing this year, following similar events in Wisconsin and Pennsylvania, and reinforces NGSB's continuing focus on Supply Chain management. 

Addressing a gathering of nearly 100 people representing over 60 of the more than 450 shipbuilding suppliers from New York to Maine, Mike Petters, corporate vice president and president, Northrop Grumman Shipbuilding, discussed the future of shipbuilding and the implications of the U.S. Navy's 30-year shipbuilding plan to the supplier base.

"Our supplier community is critical to our success and about one third of our work to build these ships is done outside of our gates," said Petters. "Northrop Grumman Shipbuilding spends more than $2 billion every year for materials and services with the shipbuilding supplier base community. In fact, between 2005 and 2009, more than $518 million was spent in the state of Massachusetts alone, through partnerships with 125 different suppliers. When we look at all of our New England suppliers, including New York, Connecticut, Massachusetts, New Hampshire, Rhode Island, Vermont and Maine, over the same period we spent nearly $2 billion with approximately 435 suppliers. So you can see, just by the numbers alone, that our suppliers are a valuable member of the shipbuilding team and an important part of what we do to help our Navy to keep our country safe.

"Given the reach of these ships that we all work together to build – these statements of national purpose -- I believe each of us plays a role in educating the public and our surrounding communities about the need for a strong and capable Navy for our maritime nation," said Petters. "As our partners in the supply chain community, we consider you shipbuilders too. Our shipbuilding mission is what makes us part of something bigger than ourselves."

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

Shipbuilding

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

People in the News

Coast Guard tactical air squadron holds change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday.

Vice-Principal of South Korean School in ferry disaster commits suicide

The vice-principal of a South Korean high school who accompanied hundreds of pupils on a ferry that capsized has committed suicide, police said on Friday, as hopes

Captain of capsized S Korean Ferry Arrested

The captain of a South Korean ferry that capsized, leaving 29 people dead and 274 others missing, was arrested on Saturday, the country's Yonhap news agency said.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1223 sec (8 req/sec)