Northrop to Relocate Headquarters to Washington, D.C.

[Joanne98]

Source: Bloomberg

Jan. 4 (Bloomberg) -- Northrop Grumman Corp. will move its headquarters to Washington from Los Angeles by mid-2011, as new Chief Executive Officer Wesley Bush puts his stamp on the third- largest U.S. defense company.

“As a global security company with a large customer base in the Washington, D.C., region, this move will enable us to better serve our nation and customers,” Bush said in a statement. He took over as CEO on Jan. 1 after his predecessor, Ronald D. Sugar, stepped down from the post prior to his retirement in June.

Northrop plans to maintain research, development and other operations in California, where it employs about 30,000. The company has yet to select a specific headquarters site and will consider locations in surrounding Maryland and Virginia as well as the district itself. The corporate offices will have a staff of about 300, according to the statement.


Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=aPvwrRoy9ca8&pos=6

[villager]

1. they're moving their headquarters where one of their main subdivisions is located?

I guess it makes sense...

[Arctic Dave]

2. I guess LA wasn't expensive enough for them?

[YOY]

3. There goes the neighborhood.

Money says VA...probably around Woodbridge...course...they have the money for Arlington.

[Raster]

4. Card carrying members of the Military Industrial Complex relocating to the city of warmongers...

...no surprise here.

[DCKit]

6. It'll save the cost of shipping those sacks of money up to the hill. n/t

[NecklyTyler]

5. Northrop has determined it is more cost effective to have headquarters in D.C.

It is easier, cheaper, and safer for the lobbyists to carry the bribe money across town in an SUV that to cross country from L.A.

[amandabeech]

7. Their rival Lockheed Martin is here in Bethesda, Md.

I'm sure that N-G does not want to be out-lobbied by the L-M folks.