Northrop Grumman Ingalls Shipbuilding, Lockheed Martin establish joint venture for U.S. Coast Guard Deepwater Program

Northrop Grumman Ingalls Shipbuilding, Lockheed Martin establish joint venture for U.S. Coast Guard Deepwater Program

DeepWater

DEEPWATER PARTNERSHIP – Fred Moosally (left), president, Lockheed Martin NE&SS-Surface Systems, and Jerry St. Pé, chief operating officer, Northrop Grumman Ship Systems, recently signed a joint venture that partners Lockheed Martin and Northrop Grumman Ingalls Shipbuilding. The joint venture – Integrated Coast Guard Systems – solidifies the two defense contractors’ partnership to provide a best value solution for the U.S. Coast Guard’s Deepwater Program. The agreement was signed during a two-day, U.S Coast Guard review of the team’s plans for the development, procurement and management of the Deepwater Program.

June 13, 2001 -- In a joint announcement made today in Pascagoula, Mississippi and Moorestown, New Jersey, Northrop Grumman Ingalls Shipbuilding and Lockheed Martin announced the creation of a joint venture partnership under which the two major corporations will submit a proposed "best value" solution for the U.S. Coast Guard's Deepwater Program. This newly formed joint venture -- Integrated Coast Guard Systems -- formalizes a partnership underway for more than three years. The team is hosting its Functional Design Review (FDR) for the Coast Guard this week at Lockheed Martin's facility in Moorestown.

"Our goal in forming this joint venture is to provide the Coast Guard and the taxpayers of America with a 'best value' approach to the development, procurement and management of a complex re-capitalization effort," said Jerry St. Pé, Chief Operating Officer, Northrop Grumman Ship Systems Sector. "The Coast Guard is especially important to those of us who live on the Gulf Coast. We are well aware of their important and heroic roles of protecting our lives and property resources, and in enforcing our maritime and coastal laws and regulations. We are proud to be able to contribute to these efforts by providing them with the best possible equipment, so that the Coast Guard will remain 'Always Ready' well into the 21st century."

The U.S. Coast Guard's Deepwater Program was established to advance the organization's legacy ships, aircraft and system platforms to support deepwater missions. The missions include Maritime Law Enforcement, Maritime Safety, National Defense and Marine Environmental Protection. Integrated Coast Guard Systems is focused on providing the Coast Guard with 21st century solutions to upgrade its 20th century, aging Fleet.

"The Deepwater Program is an exciting experience for everyone involved," said Fred Moosally, President, Lockheed Martin Naval Electronics & Surveillance Systems (NE&SS)-Surface Systems. "It provides the opportunity for the U.S. Coast Guard to advance itself with 21^st century technology that best protects this nation and its citizens. The Deepwater Program also sets the stage for Lockheed Martin and Northrop Grumman Ingalls Shipbuilding to continue and grow our 30 year partnership."

Ingalls Shipbuilding is part of Northrop Grumman's Ship Systems (NGSS) Sector, headquartered in Pascagoula, Mississippi, and is joined in this Sector by the Ship Systems Full Service Center, also located in Pascagoula, as well as Avondale Industries, located in New Orleans and Tallulah, Louisiana, and Gulfport, Mississippi. NGSS, which currently employs more than 17,000 shipbuilding professionals, primarily in Mississippi and Louisiana, is one of the nation's leading full service systems companies for the design, engineering, construction, and life cycle support of major surface ships for the U.S. Navy, U.S. Coast Guard and international navies, and for commercial vessels of all types. NGSS has a firm business backlog exceeding $5.6 billion, in a variety of naval and commercial shipbuilding programs.

Northrop Grumman Corporation (NYSE: NOC) is a $15 billion, global aerospace and defense company with its worldwide headquarters in Los Angeles. Northrop Grumman provides technologically advanced, innovative products, services and solutions in defense and commercial electronics, systems integration, information technology and non-nuclear shipbuilding and systems. With 80,000 employees and operations in 44 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers.