updated 12/20/2010 1:46:06 PM ET 2010-12-20T18:46:06

LOS ANGELES, Dec. 20, 2010 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has named David E. Ricci corporate director of Pricing, Estimating and Program Control, reporting to Susan Cote, vice president, Corporate Contracts, Pricing and Supply Chain.

David E. Ricci, Northrop Grumman Corporate Director of Pricing, Estimating and Program Control

A photo accompanying this release is available at: http://media.globenewswire.com/noc/mediagallery.html?pkgid=8502

In this role, Ricci is responsible for the development of corporate-wide pricing, estimating and program control policies, guidelines and procedures. Ricci will serve as the Corporate Office focal point for the company's program control/earned value management system activities. He will also chair both the Corporate Pricing and Estimating Council and the Corporate Earned Value Management Council, the governance bodies for all pricing, estimating and program control matters.

In addition, Ricci will provide Northrop Grumman's comments to current and proposed government legislation regarding changes in acquisition laws, regulations and policies, facilitate implementation of those policies within the company and the sharing of best practices among the company's business sectors.

Before joining Northrop Grumman, Ricci worked for 25 years in government service, most recently as executive director for Contracts at Defense Contract Management Agency (DCMA) headquarters. He previously served at DCMA as deputy director, Operations, and director of Contract Policy.

Ricci earned his bachelor's degree from Fairfield University and an MBA from Florida Institute of Technology.

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.

CONTACT:  Randy Belote
          Northrop Grumman Corporation
          (703) 875-8450

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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