Space Systems/Loral
And Northrop Grumman Agree To Pursue Satellite Opportunities
(27 February 2008) Northrop Grumman
Corporation and Space Systems/Loral today announced that they are pursuing a
group of initiatives that stands to broaden each company's opportunities to
provide the U.S. government with cost competitive satellite
systems.
The resulting agreement also will enable Space
Systems/Loral (SS/L) to expand its manufacturing capacity as needed, in order
to address near-term increased satellite demand, through use of the satellite
test facilities and services at Northrop Grumman facilities in Redondo Beach,
Calif.
Both companies will pursue efforts involving strategic
collaborations in these major areas:
"The agreement with Northrop Grumman will
allow SS/L to cost-effectively add capacity to address increased near-term
commercial satellite opportunities," said Pat DeWitt, chief executive officer,
Space Systems/Loral. "The agreement will also streamline the process for our
companies to collaborate on providing the world's best satellites for both
civil and defence applications."
"The resulting strategic agreement will
be important to increasing our competitiveness. These initiatives will present
win-win opportunities for both companies and our U.S. government customers,"
said Alexis Livanos, corporate vice president and president of the company's
Space Technology sector. "For some of our mission areas, we believe that
assured access to SS/L's 1300 bus and bus subsystems would improve our cost and
delivery schedule competitiveness. In addition, hosted payloads hold the
promise of providing us greater ability and flexibility to rapidly respond to
our government customers' evolving needs."
(source: Northrop Grumman
Corporation)
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