Northrop Grumman signs supply chain deal with Australia

By Freddie Pierce
Australias emergence as a major player in the global market doesnt look like it will be going away anytime soon. Fortune 500 company Northrop Grumman...

Australia’s emergence as a major player in the global market doesn’t look like it will be going away anytime soon.

Fortune 500 company Northrop Grumman, a worldwide leader in aerospace and defense technology, has signed a deal with Australia to identify opportunities for Australian business to compete within the company’s global supply chain, according to a report on UPI.com.

 As part of the GSC program to help Australian defense companies reach global supply chains, the signing adds prestige and capability for Australia’s smaller companies.

"Northrop Grumman recognizes that small and medium enterprises, or SMEs, face challenges in gaining access to the global supply chains of multinational corporations," Wes Bush, president and CEO of Northrop Grumman, said. "The Australian government's innovative approach ensures opportunities for SMEs to compete globally while giving prime manufacturers greater visibility into the talents and capabilities of innovative Australian companies."

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Australia as a whole is trying to add visibility and capability to its growing defense sector. The signing of a supply chain deal with Northrop Grumman is very much in line with that initiative.

"International collaboration is very important and we are looking forward to assisting with this important initiative," Bush said. "We plan to work closely with the Australian Department of Defense to identify opportunities for Australian companies."

Northrop Grumman employs more than 75,000 people worldwide, and reported revenue of close to $35 billion in 2010.

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