NGC Increases Investment in Australia, Expands Industry Partnerships
- Australian companies awarded contracts totaling $7.4 million (USD)
Northrop Grumman Corporation (NYSE:NOC) is significantly increasing its commitment to Australia through the award of contracts valued at $7.4 million to three new global supply chain partner companies who will provide products and services for a variety of missions and capabilities
The Australian companies, which form part of Northrop Grumman's expanded global supply chain, are Electro Optic Systems (EOS) in Mt. Stromlo; CEA Technologies in Fyshwick; and Insitec in Fyshwick. With expertise spanning aerospace hardware development, space exploration services and software design, the companies were selected by Northrop Grumman under the Australia Defence Materiel Organisation's Global Supply Chain Program.
Distributed Fibre Optic Sensing (DFOS) Market Report 2016-2026
"Northrop Grumman's commitment to Australia is underscored by genuine and direct investment in the Australian economy," said David Perry, vice president and chief global business development officer, Northrop Grumman. "EOS, CEA Technologies and Insitec represent Australia's vibrant defence industry and are key additions to our Australian industry team. Each of these relationships strengthens our ability to deliver products and services critical to maintaining the national security of the United States, Australia and our allies."
Northrop Grumman will continue to seek opportunities to invest in Australian companies whose operations and business objectives mutually benefit the U.S. and Australian governments.
"We look forward to further expanding our global supply chain and to future investment in Australia's defence, aerospace and space sector," Perry added.
In October 2011, Northrop Grumman entered into a Global Supply Chain Deed with the Australian Department of Defence, enabling them to work together to identify opportunities for Australian industry to compete within the company's global supply chain and those of its major suppliers.
Source : Northrop Grumman Corporation (NYSE:NOC)