Northrop Grumman Corporation (NYSE: NOC) has announced organization changes to the firm's operating sectors to better align the company’s broad portfolio to serve its customers’ needs. There will be four operating sectors and the changes are effective January 1, 2020.
Kathy Warden, Chairperson, CEO and President of the company said this new operating structure allows the company to take full advantage of the firm's company’s portfolio by aligning businesses that have shared markets, customers and technologies. It will accelerate the firm's ability to rapidly identify and deliver the technologies, products and services our customers need, and fuel their continued growth and execution.
The four operating sectors will be:
- Aeronautics Systems, an innovative manned and unmanned air system provider, with a proven track-record of systems engineering, manufacturing excellence and reliability. This sector will be led by Janis Pamiljans, current corporate vice president and president of Aerospace Systems.
- Defense Systems, a broad-spectrum provider of critical technology services, sustainment and modernization, including integrated battle command systems, directed energy, tactical weapons and information systems, focused on evolving threats and quick-turn requirements for a wide variety of national security, military and civilian customers. The sector will be led by Mary Petryszyn, current vice president and general manager, Land & Avionics C4ISR, Mission Systems.
- Mission Systems, a technology leader in open, cyber-secure, software-defined systems for defense and intelligence applications across multiple domains. This sector will be led by Mark Caylor, current corporate vice president and president of Mission Systems.
- Space Systems, a space and launch systems provider serving national security, civil and commercial customers. Blake Larson, current corporate vice president and president of Innovation Systems, will lead the Space Systems sector.
The changes announced today are not expected to have a material impact on the company's 2019 financial results or guidance as updated in July 2019.