FALLS CHURCH, Va., March 14, 2014 /PRNewswire/ -- Northrop Grumman Corporation (NYSE: NOC) was rated the third best company in the nation for providing business opportunities to diverse business owners by DiversityBusiness.com. More than 1.3 million diversity business owners participated in an online election to determine the top 50 organizations. The recognition is based on factors such as volume, consistency and quality of business initiatives a company grants to multicultural suppliers.
"We are delighted with this recognition," said Harry Q. H. Lee II, vice president, Corporate Contracts, Pricing and Supply Chain, Northrop Grumman. "Through our Socio Economic Business Program, we are committed to providing products and services of optimal value to our customers by partnering with capable small businesses, including small disadvantaged, woman-owned, veteran-owned and service-disabled veteran-owned, companies located in historically underutilized business zones, AbilityOne organizations, lesbian, gay, bisexual and transgender concerns and Historically Black Colleges/Universities and minority institutions."
In 2013, Northrop Grumman contracted $6.9 billion to a broad base of approximately 9,500 suppliers. More than 36 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.
This is the 14th year the top 50 list was produced by DiversityBusiness.com, a multicultural, business-to-business online website for privately owned companies.
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