LOS ANGELES , Jan. 14 /PRNewswire-FirstCall/ -- Northrop Grumman Corporation (NYSE: NOC) today announced a strategic realignment of several of its operating sectors to enhance the company's support to its customers, better utilize its capabilities and resources and drive operating improvements. The company stated that its two shipbuilding sectors, Newport News and Ship Systems, will be realigned into a single sector called Northrop Grumman Shipbuilding, effective Jan. 28, 2008 . In addition, the company is realigning the reporting of its missiles business from its Mission Systems sector to its Space Technology sector, effective July 1, 2008 . With this new reporting structure, Mission Systems will focus on the rapidly growing C4ISR business, and the missiles business will be an integrated element of the company's Aerospace business growth strategy.
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C. Michael Petters , currently corporate vice president and president of Newport News, has been elected corporate vice president and president of Northrop Grumman Shipbuilding. Philip A. Teel, currently corporate vice president and president of Ship Systems, has been elected corporate vice president and president of the company's Mission Systems sector effective April 1, 2008 . He will succeed Jerry B. Agee who is retiring in August 2008 , in keeping with the company's mandatory retirement policy for officers. Following April 1 , Agee will continue as a member of Northrop Grumman's Corporate Policy Council on special assignment to Ronald D. Sugar, Northrop Grumman's chairman and chief executive officer, until his retirement.
"This strategic realignment will enhance our world-class military shipbuilding enterprise and provide an integrated interface and full range of capabilities to our customers," Sugar said. "It will enable the company to more effectively utilize our shipbuilding assets and deploy its talented shipbuilders, processes, technologies, production facilities and planned capital investments to meet its customers' needs.
"With the significant progress in the recovery and regeneration of our Gulf Coast shipyards following Hurricane Katrina, the improvements resulting from our investments in our yards, and the continued strength of our nation's military shipbuilding program, this realignment positions the company for the future," Sugar continued.
" Mike Petters brings extensive shipbuilding expertise and broad management experience to his new role as we leverage our capabilities, resources and talent to enhance our shipbuilding powerhouse," Sugar said. " Phil Teel is a seasoned executive whose strong background in systems engineering and C4ISR makes him an excellent successor to Jerry Agee in leading Mission Systems. We look forward to a seamless transition and the continuation of Mission Systems' strong performance following Jerry's retirement. We thank Jerry for his excellent stewardship and integral role in establishing the sector's strategic position."
The realignment and transition process for the new Shipbuilding sector is expected to continue throughout 2008. Petters will assume day-to-day responsibility for the Gulf Coast operations of Shipbuilding and will operate from Pascagoula, Miss., during this transition phase. All current Gulf Coast and Newport News customer interfaces, as well as internal management and financial reporting structures, will remain in place until specific changes are communicated. The company is committed to ensuring a smooth transition with a focus on meeting all its program execution, safety and customer commitments. The company does not anticipate any facility closures or significant reductions in yard employment levels as a result of this realignment.
The missiles business, which includes the ICBM Prime Integration program,
the Kinetic Energy Interceptor program and the Missile Engineering Center,
will be led by John Clay , vice president and general manager, reporting to
Alexis Livanos, corporate vice president and president of Space Technology.
Petters, 48, joined Newport News in 1987 in the submarine construction
division. His assignments at Newport News have included nuclear ship design
and construction, contracts, human resources and management of the
shipbuilding trades, culminating in his election as corporate vice president
and president in 2004. Petters graduated from the U.S. Naval Academy in 1982
with a bachelor's degree in physics. He served as an officer aboard the USS
George Bancroft before joining the Naval Reserve in 1988. He earned a master's
degree in business administration from the
Teel, 59, joined Northrop Grumman in 2000 and was elected corporate vice president and president of Ship Systems in 2005. His leadership during and following the devastating Hurricane Katrina allowed the company to execute a remarkable recovery and regeneration of the Gulf Coast shipyards, including delivery of six warships whose construction was severely disrupted by the storm. Prior to his Ship Systems assignment, Teel was sector vice president, Airborne Early Warning & Electronic Warfare Systems for the company's Integrated Systems sector. He has nearly 30 years of experience in engineering and program management for C4ISR systems. Teel graduated from the Georgia Institute of Technology with a bachelor's degree in aerospace engineering, and from George Washington University with a master's degree in engineering management.
Agee, 64, was elected corporate vice president and president of Mission Systems in 2005. He came to Northrop Grumman in 1987 following a distinguished career in Naval Intelligence, and during his tenure he managed many of the company's C4ISR and missile systems businesses.
Livanos, 59, joined Northrop Grumman in 2003 and has led a number of
Northrop Grumman divisions. He was elected corporate vice president and
president of Northrop Grumman's Space Technology sector in 2005. Livanos
earned a bachelor's degree in mechanical engineering, a master's degree in
engineering science, and a Ph.D. in engineering science and physics from the
Northrop Grumman Shipbuilding is the world's leading military shipbuilder,
Northrop Grumman Mission Systems, with approximately
Northrop Grumman Space Technology, with approximately
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SOURCE Northrop Grumman Corporation