updated 10/8/2010 3:45:18 AM ET 2010-10-08T07:45:18

NEWPORT NEWS, Va., Oct. 7, 2010 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has been awarded a cost plus fixed fee contract option valued at $102.7 million from the U.S. Navy for work on Los Angeles-class, Seawolf-class, Virginia-class and Ohio-class submarines, special mission submersible interfaces, submarine support facilities and related programs.

A photo accompanying this release is available at: http://media.globenewswire.com/noc/mediagallery.html?pkgid=8130

The company's Shipbuilding sector in Newport News, Va. is the prime contractor and will provide engineering, design, configuration management, integrated logistic support, database management and modernization support. Work is expected to begin immediately and continue into 2011.

"We are excited to continue providing key engineering and technical services for a wide range of submarines for the U.S. Navy," said Becky Stewart, vice president, Submarine programs and Fleet Support for Northrop Grumman Shipbuilding. "Our shipbuilders are committed to delivering and supporting the submarines that play vital roles in America's defense."

Newport News is one of only two U.S. shipyards capable of building nuclear-powered submarines and since the early 1990's, has completed over 200 ship repair projects for the U.S. government, U.S.-flag commercial and foreign-flag commercial ships, ranging from paint repair to complete hull and machinery renovation.

Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.

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