LITTON SCORES NAVY DEAL WORTH UP TO $2.8 BILLION.Byline: Gregory J. Wilcox Daily News Staff Writer The maritime unit of defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region"; 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. on Friday won a contract worth up to $2.8 billion to build as many as eight new guided-missile destroyers for the United States Navy United States Navy Major branch of the U.S. military forces, charged with defending the nation at sea and maintaining security on the seas wherever U.S. interests extend. The Continental Navy was established by the Continental Congress in 1775. . As typical, Litton made the announcement after the stock market had closed. Terms call for the Navy placing a firm order for six of the Aegis Class ships valued at $2.16 billion with an option on two more, said Litton spokesman Bob Stangarone. The Litton deal is part of a 57-ship order that has been split between Litton's Pascagoula, Miss.-based Ingalls and Bath Iron Works Bath Iron Works (BIW) is a shipyard located on the Kennebec River in Bath, Maine. Since its foundation in 1884 by Thomas W. Hyde, Bath Iron Works has built private, commercial and military vessels. . So far, contracts have been awarded for 52 ships, and Ingalls has won 25. ``The construction of Aegis destroyers continues as a major strategic element of Ingalls' present and future business base,'' Jerry St. Pe', senior vice president of Litton Industries and president of 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. , said in a statement. Ingalls had already ordered much of the equipment needed to build the ships it received contracts for Friday. Last May, the unit won a $164.5 million contract to begin this advance procurement, which permitted the shipyard and its suppliers to plan for multi-ship procurement, thus saving the taxpayers millions of dollars, the company said. The Navy's Aegis fleet provides primary protection for the Navy's battle forces. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion