GERMAN FIRM, NORTHROP UNITE.Byline: Staff and Wire Services Northrop Grumman Northrop Grumman Corporation (NYSE: NOC) is an aerospace and defense conglomerate that is the result of the 1994 purchase of Grumman by Northrop. The company is the third largest defense contractor for the U.S. Corp. and Germany's leading aerospace corporation announced they will jointly evaluate business alliances for military projects. The areas for evaluation include unmanned aircraft Unmanned Aircraft (UA) is a term used in the Federal Aviation Administration (FAA) definition of Unmanned Aircraft System (UAS). UA refers to the aircraft portion of the system required to operate it, also known as Unmanned Aerial Vehicle. - unmanned aerial vehicles
``It opens up markets,'' Northrop Grumman spokesman Jim Taft said of partnerships between American and European firms. The alliance between Northrop and DaimlerChrysler Aerospace AG, known as Dasa, will be continued by the future European Aeronautic aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer  o·nau Defense and Space Co. after the merger of Dasa, Aerospatiale Matra and CASA Ca´san. 1. A house or mansion. I saw that Enriquez had made no attempt to modernize the old casa, and that even the garden was left in its lawless native luxuriance. - Bret Harte. has been completed. ``This is an important step by our two companies at an important time in the transatlantic defense relationship,'' said Kent Kresa, chairman, president and chief executive officer of Northrop Grumman. ``There is no doubt that the security needs on both sides of the Atlantic can only be satisfied based on the best use of scarce resources,'' he said. ``In the critical areas of surveillance and reconnaissance, our potential collaboration with Dasa, and soon EADS EADS European Aeronautic Defence and Space Company N.V. EADS Expeditionary Air Defense System (USMC) EADS Extended Air Defense Systems EADS Environmental Assessment Data System EADS Echelons Above Division Study , will ensure that the best capabilities of our two companies can be brought to bear to meet the needs of our customers.'' Dasa and Northrop Grumman said they will explore a variety of surveillance and reconnaissance opportunities to identify capabilities and technologies that offer mutual, long-range benefits to both corporations. In particular, the two companies will evaluate ground surveillance systems; high altitude, long-endurance unmanned aerial vehicles technology; maritime UAV UAV Unmanned Aerial Vehicle UAV Unmanned Air Vehicle UAV Unmanned Aerospace Vehicle UAV Unmanned Airborne Vehicle UAV Uninhabited Air Vehicle UAV Urban Assault Vehicle UAV Unpiloted Aerial Vehicle (less common) technology, including real-time signal processing; airborne radar for military transport; naval radars; and wide bandwidth data link technology for reconnaissance. The companies hope to reach initial decisions by June. DaimlerChrysler Aerospace, based in Munich, is a leading partner in European aerospace programs such as Airbus, Eurofighter and Ariane. It had sales of $9.2 billion in 1999 and has a work force of 46,000 employees. Northrop Grumman had revenues of $9 billion last year and has a work force of about 45,000 employees. |
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