Northrop Grumman and Teammate EADS Currently Contribute $130 Million Annually to North Carolina's Economy
A KC-30 Win Will Result in a Total Economic Impact of $100 Million Annually
A KC-30 Tanker Team Would Support 3,400 Jobs Statewide
MELBOURNE, Fla., Sept. 6, 2007 (PRIME NEWSWIRE) -- Northrop Grumman Corporation's (NYSE:NOC) KC-30 Tanker team will generate economic activity and create 1,500 jobs in North Carolina if the KC-30 Tanker aircraft is selected by the U.S. Air Force. Northrop Grumman, EADS and the KC-30 supply chain in North Carolina currently support 3,400 jobs statewide and generate combined economic activity of $350 million annually.
Northrop Grumman and teammate EADS spend more than $130 million annually in North Carolina, while KC-30 supplier companies inject $220 million in the economy each year. Northrop Grumman's current workforce in North Carolina earns more than $29 million annually.
Northrop Grumman's KC-30 Tanker supply base in North Carolina will include:
-- Alvac, Monroe, N.C. - Titanium -- Cincinnati Thermal Spray, Rocky Point, N.C. - CF6 engine sub-assemblies -- GE Shop-Assembly, Durham, N.C. - CF6 engine sub-assemblies -- GE Shop-Disks, Wilmington, N.C. - CF6 engine sub-assemblies -- Goodrich Corporation, Charlotte, N.C. - computer systems -- AAR Corporation, Goldsboro, N.C. - advanced cargo loading system
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 firstname.lastname@example.org Tim Paynter Northrop Grumman Integrated Systems (321) 961-1101 email@example.com