Northrop Grumman Corporation (NYSE: NOC) announced a decision to move its corporate office from Los Angeles to the Washington D.C. region by 2011. The company is engaged in a search to identify a specific location within the Washington, D.C. region, including the District, Maryland and Virginia. It plans to complete the search by spring 2010 and open the new corporate office by summer 2011.
"As a global security company with a large customer base in the Washington, D.C. region, this move will enable us to better serve our nation and customers," said Wes Bush, chief executive officer and president.
The new corporate office will include approximately 300 people. Although the company is moving some corporate staff from Los Angeles, the state of California remains a significant location for Northrop Grumman research, development and manufacturing. 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.
(www.northropgrumman.com)
