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Saturday, April 24, 2010

Goodrich lands Northrop Grumman deal

Goodrich Corp. has won a supply contract from Northrop Grumman Shipbuilding for parts on eight Virginia-class fast-attack nuclear submarines.

The agreement comprises the design and manufacture of sail cusps, which are composite structures attached to a submarine’s sail and hull. The product enables water to flow smoothly over the submarine’s surface, improving hydrodynamic performance.

Delivery is scheduled to start in the second quarter of next year.

Financial terms weren’t disclosed.

Northrop Grumman Shipbuilding, a unit of Los Angeles-based Northrop Grumman Corp. (NYSE:NOC), includes the former Northrop Grumman Ship Systems and Northrop Grumman Newport News shipbuilding segments.

Charlotte-based Goodrich (NYSE:GR) is a global supplier of systems and services to the aerospace and defense sectors.

Read more: Goodrich lands Northrop Grumman deal - Charlotte Business Journal: