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Northrop Grumman to Expand Investment in Florida

Companies mentioned in this article: Northrop Grumman Corporation

MELBOURNE, Fla., May 8, 2014 /PRNewswire/ -- Northrop Grumman Corporation (NYSE: NOC) announced today it is making additional new investments in its Melbourne-based Manned Aircraft Design Center of Excellence.

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Initial plans call for a new 220,000 square foot building and the addition of 300 employees, with the potential for additional jobs and capacity in the future. These investments are part of the company's ongoing effort to improve its strategic alignment with its customers' need for increasingly innovative and affordable products, services and solutions.

"We're extremely appreciative of the support we've received from the state of Florida and the local community in our continuing effort to drive our affordability and competitive position," said Tom Vice, Northrop Grumman corporate vice president and president, Aerospace Systems. "This expansion further cements our strong partnership with Florida, and will greatly benefit our employees, customers and shareholders."

The facility's continued growth, enabled by Florida's positive business climate, will enhance competitiveness across Northrop Grumman's operations and support the company's focus on creating innovative and affordable products for its customers.

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.

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SOURCE Northrop Grumman Corporation