LITTON LANDS NAVY CONTRACT.Byline: Chris Sieroty Staff Writer WOODLAND HILLS - Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001. has been awarded a five-year contract from the U.S. Navy worth a potential $311 million, a company spokesman said Tuesday. The work contracted for in 2001 is valued at $57.6 million, said Randy Belote, a Litton spokesman in Arlington, Va. t continues some work we have done in the past on the Navy's older destroyers to keep them viable,'' Belote said. The contract is for Litton's Ingalls Shipbuilding Ingalls Shipbuilding is a shipyard located in Pascagoula, Mississippi, originally established in 1938, and is now part of Northrop Grumman Ship Systems. It is a leading producer of ships for the US Navy, and at 10,900 employees, the largest private employer in Mississippi. Division for continued life-cycle engineering and technical services in support of the Navy's guided missile cruisers Noun 1. guided missile cruiser - a cruiser that carries guided missiles cruiser - a large fast warship; smaller than a battleship and larger than a destroyer and destroyers. In addition to engineering and technical services, Litton will provide maintenance and repair for Spruance Class destroyers and for the Ticonderoga Class cruisers. Litton Ingalls Shipbuilding built all 31 of the Spruance destroyers in the 1970s and 1980s, and as lead shipbuilder for the Aegis cruiser program, delivered 19 of the 27 ships in the Ticonderoga Class Ticonderoga Class may refer to:
Belote said the deal funds work for about 560 employees involved in Litton Ingalls and Litton Ship Systems Full Service Center planning yard efforts in Pascagoula, Miss., as well as Navy bases in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in Japan, where the ships are stationed. ``We see this as a good opportunity and a potential long-term contract to keep these warships up to date,'' he said. ``We created Litton Ship Systems Full Service Center a few months ago to focus on these types of orders.'' Paul Nisbet, an aerospace analyst with JSA JSA - Japanese Standards Association. Research Inc. in Newport, R.I., said Litton has turned its attention to capturing more of the military maintenance business. ``They did form a new group to handle after market-types of business,'' said Nisbet, ``They've had success by winning this contract.'' Based in Woodland Hills, Litton is the largest builder of non-nuclear ships for the Navy and has more than 40,000 employees and $5.6 billion in annual revenue. Shares of Litton gained 25 cents, or 0.59 percent, to close at $42.75 Thursday on moderate volume of 125,300 shares traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . |
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