updated 11/30/2010 6:16:38 PM ET 2010-11-30T23:16:38

PASCAGOULA, Miss., Nov. 30, 2010 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation's (NYSE:NOC) Shipbuilding sector has been awarded a $43.7 million cost-plus-fixed fee contract for life-cycle engineering and support services on the U.S. Navy's USS San Antonio (LPD 17) class of amphibious transport dock ships. This is the first of four annual options associated with a base contract awarded in February 2010 that has a potential value of $249.4 million.

"This is an important option because it allows our broad range of post-delivery support to continue on these complex amphibious ships," said Doug Lounsberry, LPD 17 program manager, Northrop Grumman Shipbuilding. "Our commitment to quality in this shipbuilding program remains steadfast. Once these ships enter the fleet, the same commitment to quality must be maintained throughout these support service contracts to provide the men and women of our U.S. Navy and U.S Marine Corps the best possible product in defending freedom."

Services provided in this contract include post-delivery planning and engineering, systems integration and engineering support, research engineering, material support, fleet modernization program planning, supply chain management, maintenance and training for certain LPD 17-class shipboard systems.

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 2.43%
$30K home equity loan FICO 5.80%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com