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FALLS CHURCH, Va., Sept. 18, 2019 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announces organization changes to its operating sectors to better align the company’s broad portfolio to serve its customers’ needs. There will be four operating sectors: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The changes are effective Jan. 1, 2020.
“This new operating structure allows us to take full advantage of our company’s portfolio by aligning businesses that have shared markets, customers and technologies,” said Kathy Warden, chairman, chief executive officer and president of Northrop Grumman. “It will accelerate our ability to rapidly identify and deliver the technologies, products and services our customers need, and fuel our continued growth and execution.”
In addition, Patrick M. Antkowiak, corporate vice president and chief strategy and technology officer, and Christopher T. Jones, corporate vice president and president of Technology Services, have announced their intent to retire.
“Chris and Pat have made significant contributions to Northrop Grumman,” Warden said. “Their leadership and commitment to our company and our customers have been instrumental in laying the foundation for our future success. I want to sincerely thank them for their leadership.”
The four operating sectors will be:
The changes announced today are not expected to have a material impact on the company's 2019 financial results or guidance as updated in July 2019.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization to customers worldwide. Please visit news.northropgrumman.com and follow us on Twitter, @NGCNews, for more information.
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|Todd Ernst (Investors)|