U.S. Postal Service Awards Northrop Grumman $130 Million Repair and Inventory Contract
HERNDON, Va., Nov. 17, 2003 (PRIMEZONE) -- Northrop Grumman Corporation's (NYSE:NOC) Information Technology (IT) sector has received a contract from the U.S. Postal Service (USPS) to provide depot-level repairs, and inventory and ordering system management.
The contract, for the USPS Central Repair Facility, has a two-year base and is valued at $130 million over 10 years if all options are exercised. Northrop Grumman successfully re-competed for this contract, which has been held by the company for nearly 25 years.
"We are able to offer the USPS unmatched experience combined with the time-tested ability to maintain a stable, highly skilled, dedicated, efficient and productive workforce," said Jim Perriello, president, Government Solutions, Northrop Grumman IT. "Northrop Grumman continues to provide a vision for growth that supports the postal service's plans."
Northrop Grumman will continue repairing mail processing equipment, stamp vending machines, and other selected mechanical and automated devices. Annually, the company handles more than 100,000 postal service components. The company originally designed and built a repair-parts inventory that has grown to a $4 million inventory, which Northrop Grumman IT continues to manage. In addition, the company still maintains the component-tracking and repair-parts inventory and ordering systems.
All work on this contract will be done at the USPS Central Repair Facility in Topeka, Kan.
Northrop Grumman Information Technology, based in Herndon, Va., is a leading provider of IT solutions for federal, state and local government agencies, and commercial customers. The company's expertise spans such areas as information systems integration; cyber security; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR); homeland security; enterprise hardware and software solutions; training and simulation; base and range support; signals intelligence; health informatics; space systems; and specialized scientific, engineering and technical services.
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