Northrop Grumman, EADS and the KC-30 Supply Base Contributes $875 Million to Alabama's Economy Annually A KC-30 Win Will Result in a Total Economic Impact of More Than $1 Billion Annually A KC-30 Tanker Win Would Create an Additional 5,000 Jobs for Alabamians
MELBOURNE, Fla., Aug. 14, 2007 (PRIME NEWSWIRE) -- Northrop Grumman Corporation's (NYSE:NOC) KC-30 Tanker program will create 5,000 new jobs throughout Alabama if the KC-30 Tanker aircraft is selected by the U.S. Air Force. The KC-30 program will generate an additional $280 million annually in economic growth in Alabama, bringing the team's total economic impact to more than $1 billion annually.
"If the Air Force bases their decision solely on the merits of the aircraft, I'm confident that Alabama will be home to the newest and most advanced tanker ever built," said Alabama Governor Bob Riley. "We're very excited to think that Alabama's workforce may have an opportunity to build an American-made aircraft for America's airmen right here in our state."
Northrop Grumman and principal KC-30 teammate EADS directly contribute more than $175 million annually to the economy, while the KC-30 supply base injects $200 million annually. The total direct and indirect investment by the entire team is $875 million each year.
"A KC-30 Tanker win will have an unprecedented impact not only in Alabama, but also in the entire Gulf Coast region," said William J. Canary, president and chief executive officer of the Business Council of Alabama. "Alabama's business community and workforce are energized about the KC-30 program, and we simply can't wait to get started on this program that's crucial to our nation's Air Force."
Northrop Grumman Corporation currently employs more than 1,300 workers throughout the state with a combined annual salary approaching $107 million. Northrop Grumman's business activities in Alabama support a total of 4,000 jobs across the state.
Northrop Grumman's KC-30 Tanker supply base in Alabama will include:
* Engelhard (BASF), Huntsville, Ala. -- Ozone Converter * GKN-Westland Aero, Tallassee, Ala. -- Wing Panels * PPG Industries, Huntsville, Ala. -- Windshield & Glass * EADS NAT, Mobile, Ala. -- A330 Assembly * Goodrich Aerospace, Foley, Ala. -- Engine Sub-Assemblies * Northrop Grumman Technical Services, Mobile, Ala. -- Program Support
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 email@example.com Tim Paynter Northrop Grumman Integrated Systems (321) 961-1101 firstname.lastname@example.org