Northrop Grumman Awarded USS Enterprise Contract

Northrop Grumman Corporation (NYSE:NOC) has been awarded a contract option by the U.S. Navy to provide planning, execution and continuous maintenance to the nuclear-powered aircraft carrier, USS Enterprise. The company's Newport News sector will perform the work, which includes planning, design, documentation, engineering, material procurement, shipboard inspections, fabrication and preliminary facility work for an extended dry dock maintenance period beginning in 2008. Additional work includes engineering services to support modernizing and reconfiguring the carrier. The contract for the work is valued at $6m. This contract option continues work awarded earlier this year. There are four additional funding options that could also be awarded. The total estimated value of the contract is $53.1m. USS Enterprise is the world's first nuclear-powered aircraft carrier and the only ship of its class. It was built by Northrop Grumman Newport News and joined the U.S. Navy's fleet in 1961. Northrop Grumman has been responsible for accomplishing the majority of scheduled and emergent maintenance on USS Enterprise since 1994.