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Headquarters:
1840 Century Park East
Los Angeles, CA 90067
Employees: 120,000
CEO: Wes Bush
Stock Symbol: NOC
Website:
http://www.northropgrumman.com
Career Site
Northrop Grumman is one of the nation's top defense contractors,
building airplanes, ships, submarines, space and systems technology
for the U.S. and international military, government and commercial
customers.
The company's Newport News division is
the nation's sole designer, builder and refueler of nuclear-powered
aircraft carriers and one of only two companies capable of designing
and building nuclear-powered submarines. The sector also provides
services for a wide array of naval and commercial vessels.
Northrop's four major business areas are:
Information & Services
Northrop Grumman puts information to work. As a trusted partner,
the company develops systems and solutions that deliver timely,
enabling information where it is needed most for its military,
intelligence, federal, state and local government, and commercial
customers.
Electronics
Northrop Grumman's electronic solutions span the spectrum. The
company is a leading developer, manufacturer, integrator and
supporter of a variety of advanced electronic and maritime systems
for U.S. and international customers for national security and
non-defense applications.
Aerospace
Northrop Grumman's aerospace systems operate from the high ground.
The company is a premier developer, integrator, producer and
supporter of manned and unmanned aircraft, spacecraft, high-energy
laser systems, microelectronics and other systems and subsystems
critical to maintaining the nation's security and leadership
in science and technology.
Shipbuilding
Ships built by Northrop Grumman project power worldwide. The
company is the nation's sole industrial designer, builder and
refueler of nuclear-powered aircraft carriers and one of only
two companies that design and build nuclear-powered submarines.
The business is also one of the nation's leading providers and
life-cycle supporters of major surface ships for the U.S. Navy,
U.S. Coast Guard, international navies and commercial vessels.
Northrop also helped develop the B-2 bomber,
F-14 and F/A-18 fighter jets.
The company has locations in all 50 states.
In 2008, Northrop reported revenues of $33.8 billion, a 6% increase, and a net loss of $1.3 billion. The loss was due to a $3.1 billion charge for goodwill.
Wes Bush became the new CEO of Northrop in 2010 and announced the company will move its corporate headquarters to the Washington D.C. area by 2011. The move will allow the company to be closer to the federal government and key customers. About 300 employees will work at the new company headquarters.
Approximately 30,000 employees, a quarter of Northrop Grumman's worldwide employment, work in California. Its Aerospace Systems sector is headquartered in Redondo Beach, and each of the company's other four sectors have major facilities in the state.
History
John K. "Jack" Northrop, a skilled
and innovative designer, forms Northrop Aircraft Incorporated
in Hawthorne, CA in 1939.
Leroy Grumman, Jake Swirbul, Bill Schwendler,
E. Clint Towl and Ed Poor start a new enterprise in 1930, Grumman
Aeronautical Engineering Company, in an abandoned auto garage.
Grumman was acquired by Northrop Corp.
in 1994 to form Northrop Grumman. The company is made up of nearly
20 top names that have been acquired including Westinghouse Electric,
Litton Industries, TRW and Newport News Shipbuilding.
Benefits
Health Plan
The Northrop Grumman Health Plan
offers a variety of health care options so employees have the
flexibility to choose the benefits and coverage levels that meet
their personal needs today.
You can enroll yourself and your eligible dependents for health
care benefits. Eligible dependents include:
- Your spouse
- Your domestic partner and his or her eligible dependent children
- Your unmarried children who are
- Under age 19
- Under age 25 and are full-time students in an accredited school
- Disabled, if the disability occurred before age 19 (or before
age 25 if a full-time student).
Medical Coverage
Varying levels of cost and coverage among the medical plan options
allow you to select the option that is right for you and your
family. You can choose medical coverage under one of the following:
- Preferred Provider Organization (PPO) plan options
- Health Maintenance Organization / Exclusive Provider Organization
(HMO/EPO) plan options, if available in your geographic area
- Consumer-driven health program
- International plan option (available only to those residing
outside the U.S.)
- TRICARE Supplement
Dental Coverage
Several dental plan options are available with varying
levels of benefit coverage. You can select from:
- Dental PPO plan options
- Dental HMO plan option
Vision Coverage
Vision benefits include annual eye exams, coverage for glasses
or contact lenses, discounts on LASIK surgery, and much more.
Flexible Spending Accounts (FSAs)
You can make before-tax contributions to two different Flexible
Spending Accounts (FSAs) the Health Care FSA and the Dependent
Day Care FSA. FSAs allow you to use pre-tax money to pay certain
health care and dependent day care expenses.
Long-Term Disability (LTD)
The long-term disability (LTD) plan provides you with income
replacement if you are unable to work for an extended period
of time due to disability.
Life Insurance
Northrop Grumman provides a basic life insurance benefit of $50,000
or one times your annual base salary whichever is greater.
In addition, you can purchase for yourself optional life insurance
coverage of one to eight times your annual base salary, to a
maximum of $1 million.
Accidental Death & Dismemberment (AD&D) Insurance
AD&D coverage is automatically provided at $50,000 or one
times your annual base salary whichever is greater. You
can also purchase for yourself additional AD&D insurance
of one to ten times your annual base salary, to a maximum of
$1 million.
Optional accident insurance for your spouse and children is also
available for you to purchase.
Employee Assistance Program (EAP)
The EAP is a confidential counseling and referral program
that can help you address personal issues including mental
health problems and substance abuse before they affect
your health, relationships, or job performance. You and your
eligible family members can receive up to five free, confidential
counseling sessions per year with a licensed professional.
Savings Plan
When it comes to planning for your future, it pays to save
through the Northrop Grumman Savings Plan. The Plan offers employees
an outstanding combination of savings advantages. If you choose
to enroll, you'll find it's easy to save through automatic payroll
deductions, and your contributions are deducted before taxes
are withheld. And, as your needs change, the Savings Plan makes
it easy to change your contribution amount and your investment
options.
Here are just some of the great features:
- Immediate participation Eligible employees of participating
business units can participate immediately.
- Flexible contributions You may contribute up to 30% of
your eligible compensation (based on IRS regulations) on a pre-tax
and/or after-tax basis.
- Company match Northrop Grumman provides a company match
to eligible employees based on a percentage of eligible compensation
and participant contributions.
- Investment options You can choose from 11 core investment
funds and/or other mutual funds as well as a self-directed investment
account, through which you are provided access to more than 2,500
mutual funds from over 300 mutual fund families as well as a
choice of individual securities.
- Vesting You are fully vested in both your contributions
and those Northrop Grumman makes on your behalf.
- Loans You may request a general purchase loan or primary
residence loan.
- Account access You can access and manage your account
24 hours a day, seven days a week through Savings OnLine website
or by calling the Savings Account Line (SAL).
- Account updates Accounts are updated daily to reflect
the most recent activity.
Pension Program
The Northrop Grumman Pension Program offers a highly stable
component to your retirement investment portfolio with guaranteed,
risk-free investment returns regardless of the Program's
actual investment performance. Northrop Grumman pays the full
cost of the Program you do not make any contributions.
Here's how it works:
- You earn a benefit each month based on your pay, age, years
of service, and date of hire
- benefit also grows each month by earning interest
- You own your benefit after five years of vesting service.
Additional Benefits
May vary by sector and location.
Pooled/Paid Time Off
- Vacation
- Sick Leave
- Jury Duty
- Bereavement leave
- Military duty
Employee Development
- Performance management goals
- Training opportunities
Education Assistance
- Tuition reimbursement for job-related courses and progress
toward a degree in a relevant field
Professional Memberships
- Membership dues for professional organizations in your field
Employee Referral
- Rewards for referring job candidates to Northrop Grumman
Business Travel Accident Insurance
- Coverage if you die or are seriously injured in an accident
while traveling on approved company business.
Updated January 9, 2010
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