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Northrop Grumman announced several structural actions to strengthen alignment with its customers, improve the company’s program performance and growth potential, and enhance its cost competitiveness. These actions included streamlining its organizational structure, reducing the number of sectors from seven to five. The five sectors are Aerospace Systems, Electronic Systems, Information Systems, Shipbuilding and Technical Services. Our new Aerospace Systems sector, a merger of the former Integrated Systems and Space Technology sectors, created an approximately $10 billion business whose approximately 24,000 employees comprise a premier provider of manned and unmanned aircraft, space systems, missile systems and advanced technologies critical to our nation’s security.

Northrop Grumman Information Systems is a leading global provider of advanced solutions that deliver timely, enabling information to where its needed most for its military, intelligence, civilian, state and local and commercial customers. We are a $10 billion business employing approximately 35,000 employees with offices in 50 states and 18 countries.

Northrop Grumman Shipbuilding (NGSB) has been designing, building, overhauling and repairing a wide variety of ships for the U.S. Navy, the U.S. Coast Guard and world navies. Today, NGSB builds more ships, in more ship types/classes, than any other U.S. naval shipbuilder. Northrop Grumman Shipbuilding, a newly-formed sector of Northrop Grumman Corporation is made up of the former Northrop Grumman Ship Systems and Northrop Grumman Newport News shipbuilding sectors.

Patria comes to the defense of the military, supplying products such as armored vehicles, mortar systems, helicopters, and aircraft. It also provides maintenance for its products and offers services, such as pilot training for the Finnish Air Force. The group holds top positions in the military/aerospace markets in Finland and the Baltic region, but it has partnerships in more than 50 countries. The group has four primary business units: Aerostructures (composite structures for aircraft and spacecraft), Aviation (lifecycle support services for aircraft and helicopters), Land & Armament (armored vehicles, mortar systems), and Systems (advanced systems and integration for armed forces and security agencies).

Photon Research Associates, Inc. (PRA) is a cutting-edge technology services and products company which was acquired by The Raytheon Company in October of 2004. Since its inception in 1976, PRA has been a leading pioneer in the development and application of physics-based modeling, simulation and analysis products and services for both government and commercial markets. The major focus of our business operations has been in the areas of remote sensing, missile defense, surveillance & reconnaissance, intelligence data analysis, and stealth system design. PRA's Intellectual Property and business practices are indelibly etched throughout each of these important areas of our national security enterprise. We believe the acquisition of PRA by Raytheon will provide even greater opportunities for both companies. PRA was founded in 1976 by Dr. James A. Myer and maintains its corporate headquarters in San Diego, CA. PRA has subsequently expanded to a total of five divisions at strategic sites throughout the United States. We are proud to have our team include a diverse group of highly motivated professionals that are nationally recognized experts in a number of scientific disciplines including: Physics, Astronomy, Engineering, Applied Mathematics, Geography, Chemical Physics, and Computer Science. PRA's initial focus was on military and intelligence applications of optical (IR and visible) remote sensing, but over the years we have broadened our core technologies and business operations to include applications of the entire electromagnetic spectrum well beyond military remote sensing.

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