March 17, 2010
NEWPORT NEWS, Va. – March 17, 2010 – Northrop Grumman Corporation (NYSE:NOC) has been awarded a contract from the U.S. Navy initially valued at $80.1 million to accomplish planning work for the refueling and complex overhaul (RCOH) of the nuclear-powered aircraft
carrier USS Abraham Lincoln (CVN 72). If all options of the contract are exercised, the full potential value of the contract could reach
$678.6 million.
The company's Shipbuilding sector is the prime contractor for the work, which includes planning, design, documentation, engineering,
material procurement, shipboard inspections, fabrication and preliminary shipyard or support facility work.
"Lincoln's RCOH will be a large and complex project," said Jim Hughes,Northrop Grumman Shipbuilding's vice president of aircraft
carrier overhaul and carrier fleet support. "Advance planning for a project of this size is critically important to the success of the
overall effort. A group of experienced shipbuilders will partner with the Navy using lessons learned from the four previous RCOHs
accomplished at our Newport News shipyard to ensure the successful completion of this project from the planning stages to redelivery of the ship."
Christened in 1988 and delivered to the Navy in 1989, USS Abraham Lincoln is the fifth Nimitz-class carrier built by Northrop
Grumman Shipbuilding, the nation's sole designer, builder and refueler of nuclear-powered aircraft carriers. It will also be the fifth ship of the class to undergo this major life-cycle milestone. More than 1,000 employees will support the planning effort.
0310-136
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Contract $500m+, Contract Win, Northrop Grumman (NYSE:NOC), CVN Nimitz Class
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