News Releases
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Northrop Grumman's KC-30 Tanker Team Will Create Jobs and Generate Economic Activity Approaching $40 Million Annually in Indiana |
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MELBOURNE, Fla., Dec. 4, 2007 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation's (NYSE:NOC) KC-30 Tanker team will generate economic activity approaching $40 million annually and create more than 570 direct and indirect jobs in Indiana if the KC-30 Tanker aircraft is selected by the U.S. Air Force. Northrop Grumman and the KC-30 supply chain in Indiana currently support more than 4,600 jobs statewide and generate a combined economic activity exceeding $370 million annually. Northrop Grumman and teammate EADS spend more than $63 million annually in Indiana, while KC-30 supplier companies inject more than $296 million into the economy each year. Northrop Grumman's current workforce in Indiana represents more than $10 million in annual salaries. Northrop Grumman's KC-30 Tanker supply base in Indiana will include: Alcoa; Lafayette, Ind. Honeywell; South Bend, Ind. BAE Systems; Fort Wayne, Ind. L&E Engineering; Greenwood, Ind. Morris Machine; Indianapolis, Ind. Praxair Surface Technologies; Indianapolis, Ind. Reeder & Kline Machine; Carmel, Ind. The KC-30 Tanker aircraft will be assembled in Mobile, Ala., and the KC-30 team will employ 25,000 American workers at 230 U.S. companies. It will be built by a world-class industrial team led by Northrop Grumman, and includes EADS North America, General Electric Aviation and Sargent Fletcher. About the KC-30: Northrop Grumman's KC-30 Tanker carries 45,000 more pounds of fuel than a KC-135 or any competitor, providing a significant boost to the U.S. Air Force's global reach. The KC-30 is also designed to refuel Navy and coalition aircraft, and to serve as a multi-role transport aircraft to move passengers, cargo and medical evacuation patients. The KC-30 incorporates defense systems, precision fly-by-wire technology, and the ability to integrate a communications suite and a global support network. Northrop Grumman Corporation is a $30 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.
CONTACT: Randy Belote
Northrop Grumman Corporation
(703) 875-8525
randy.belote@ngc.com
Tim Paynter
Northrop Grumman Integrated Systems
(321) 961-1101
tim.paynter@ngc.com
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