MCLEAN, Va., July 25, 2011 -- Northrop Grumman Corporation (NYSE:NOC) has been awarded the Champions of Veterans Enterprise Award by the National Veteran Small Business Coalition for the company's ongoing commitment and support of service-disabled veteran-owned small businesses.
The Champions of Veterans Enterprise Award recognizes federal agencies and prime contractors that meet or exceed a congressionally-mandated three percent goal of total subcontracted dollars to service-disabled veteran-owned small businesses. Northrop Grumman's Information Systems sector exceeded the goal during the U.S. government 2010 fiscal year, and subcontracted approximately $74 million to service-disabled veteran-owned small businesses, and more than $1.6 billion to small businesses, accounting for nearly 50 percent of total dollars subcontracted.
"Partnering with small businesses and veteran-owned businesses helps us to provide innovative and value-added solutions to our customers," said Linda Mills, corporate vice president and president of Northrop Grumman Information Systems. "We are particularly honored to work with veterans as they continue their service to our country."
Northrop Grumman's Socioeconomic Business Program has provided numerous subcontracting opportunities to small businesses including disadvantaged, women-owned, veteran-owned, service-disabled veteran-owned, and small businesses located in Historically Underutilized Business Zones.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in aerospace, electronics, information systems, and technical services to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
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