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Thursday, September 11, 2008

Northrop gets potential $5.1 billion U.S. carrier deal

Northrop Grumman Corp won a contract worth up to $5.1 billion over seven years to complete the design and build the future Gerald R. Ford, the first in a new class of U.S. Navy aircraft carriers, the Defense Department said on Wednesday.

Work on the nuclear-powered carrier will be performed in Newport News, Virginia, and is expected to be wrapped up by September 2015, the Pentagon said in its daily contract summary.

Advance construction began in 2005 under a separate Northrop contract valued at $2.7 billion, the company said in a statement.

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