NGC Wins SANG Contract With Potential Value of $550 M

(Herndon, Va., January 20, 2010) -- The U.S. Army has awarded Northrop Grumman Corporation (NYSE:NOC) a contract to continue the modernization and training of the Saudi Arabia National Guard (SANG). The contract has a potential value of $550 million.

The five-year, cost-plus-award-fee hybrid contract also contains fixed-fee and firm-fixed-price elements.

Under the terms of the contract, Northrop Grumman subsidiary Vinnell Arabia LLC will provide U.S. Army-based doctrine and military training as well as logistics and support services that will further contribute to SANG fulfilling its national defense mission with self-sustained command, control and operational capabilities. Work will be performed throughout the Kingdom of Saudi Arabia.

"Our U.S. Army customer not only has selected a trusted partner who will continue to provide them with seamless continuity for the SANG program, but also a partner who values a culture of performance," said Robert S. Coffey, program general manager for Vinnell Arabia LLC. "We look forward to continuing to raise our collective bar of excellence with the SANG program, which is an essential force in the long-term defense of the Kingdom."

Source : Northrop Grumman Corporation (NYSE:NOC)