REDONDO BEACH, Calif., April 7, 2008 (PRIME NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) today announced a strategic, long-term supply agreement with SEAKR Engineering, Inc., Centennial, Colo., making SEAKR an exclusive supplier for select command and data handling equipment.
"This agreement is part of our strategic thrust to gain competitive advantage through partnerships with small companies," said Alexis C. Livanos, corporate vice-president and president of the Northrop Grumman Space Technology sector. "Outsourcing in certain business areas is good business practice and permits our company to be more cost competitive. In addition to our agreement with SEAKR, we hope to initiate several other agreements this year."
Last month SEAKR completed the qualification phase of the Transition/Certification/Qualification (TCQ) effort required in the agreement prior to releasing production orders. This TCQ completion is a key milestone marking the commencement of a five-year agreement, with two three-year renewal options. The agreement enables Northrop Grumman to offer more competitive cost and schedule satellite solutions to the U.S. government.
SEAKR Engineering, founded in 1983, is a leading supplier of spacecraft data storage and processing systems. A small business, the company is primarily engaged in the development, manufacture, and sale of advanced technology solid state data processing and mass storage systems for aerospace, military and rugged applications. To date, SEAKR has delivered more than 100 spacecraft subsystems to NASA, U.S. Department of Defense, and prime contractor customers.
Northrop Grumman Corporation is a $32 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: Bob Bishop Northrop Grumman Space Technology 310.812.5227 Cell: 310.251.0261 email@example.com