updated 10/28/2010 12:17:23 PM ET 2010-10-28T16:17:23

HERNDON, Va., Oct. 28, 2010 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) is relocating its engineering and low-rate production fabrication operation to the Princess Anne Industrial Park in Somerset County, Md.

The operation supports the U.S. Navy's Theoretical Studies and Engineering Research (TSER) contract. The Navy uses the TSER program to obtain engineering and analytical services, low-rate production and field support for low- and medium-fidelity missile targets. Northrop Grumman has supported the Navy for the last two years on the TSER contract.

"The Princess Anne Industrial Park facility is well situated to support current Navy contracts with Northrop Grumman Technical Services and is close to NASA Wallops Flight Facility where the Navy anticipates launching future missions," says Rob Maddox, TSER program manager. "We look forward to not only being a good neighbor but to partner with the community, the local educational institutions and economic development organizations."

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.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com