FALLS CHURCH, Va., Nov. 8, 2013 /PRNewswire/ -- Northrop Grumman Corporation (NYSE: NOC) has been named "Corporation of the Year" by the Maryland/District of Columbia Minority Supplier Development Council for demonstrating exceptional strength in areas critical to maintaining a solid minority supplier development process. The award honors companies dedicated to improving the overall participation of Asian, Black, Hispanic and Native American suppliers in the corporate supply chain. Last year Northrop Grumman subcontracted more than $792 million in Maryland and $25 million in the District of Columbia.
Northrop Grumman's socio-economic business programs goal is to ensure that capable small businesses including small disadvantaged, woman-owned, veteran-owned and service -disabled veteran-owned, historically underutilized business zones, AbilityOne organizations, lesbian, gay, bisexual and transgender concerns and Historically Black Colleges/Universities and Minority Institutions, receive the maximum practicable subcontracting opportunities on all major programs.
More than 35 percent of Northrop Grumman procurement spending goes to small businesses and women- or minority-owned firms. The company has met and exceeded the 23 percent small business statutory goals for more than 10 consecutive years and has received numerous awards and recognition for support of socio-economic business programs.
The Maryland/District of Columbia Minority Supplier Development Council is one of the 37 regional councils of the National Minority Supplier Development Council, which serve as a direct link between corporate America and minority-owned businesses.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
SOURCE Northrop Grumman Corporation