updated 11/12/2010 4:15:40 AM ET 2010-11-12T09:15:40

HUNTSVILLE, Ala., Nov. 11, 2010 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) is highlighting its deep experience on early intercept of ballistic missile threats to compete for the U.S. Missile Defense Agency's (MDA) next-generation ballistic missile interceptor currently planned for fielding in 2020.

The company announced that it has submitted a proposal for the Next Generation Aegis Missile's (NGAM) concept definition and program planning phase set to get underway in 2011. The new interceptor will be designed to provide early intercept capability against some short range ballistic missiles, all medium range ballistic missiles, all intermediate range ballistic missiles and non-advanced intercontinental ballistic missiles.

"This opportunity extends Northrop Grumman's long partnership with MDA to enhance the Ballistic Missile Defense System with an earlier intercept capability that helps achieve a layered missile defense," said Duke Dufresne, sector vice president and general manager, Strike and Surveillance Systems Division for Northrop Grumman Aerospace Systems.

"We will apply our team's complete set of tools, techniques, trade studies, lessons learned and investments to help MDA achieve its vision for the phased adaptive approach to missile defense," Dufresne added. "We also bring to bear our corporate expertise and capability in Aegis shipbuilding and naval systems to ensure a smooth land-to-sea transition. Our approach emphasizes an objective analysis of NGAM's mission needs with emphasis on affordability, quality, producibility and risk reduction to define a sweet-spot solution."

Northrop Grumman is a primary supplier of technologically advanced missile and missile defense weapon systems, including the Space Tracking and Surveillance Demonstration program, and the Missile Defense Integration and Operations Center, Colorado Springs, Colo.

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

Discuss:

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 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.15%
17.14%
Source: Bankrate.com