Governor McDonnell Announces Northrop Grumman Chooses Virginia for Corporate Headquarters

RICHMOND - Governor Bob McDonnell today announced that Northrop Grumman Corporation, a leading global security company, will relocate its corporate headquarters from Los Angeles to Virginia, creating 300 new jobs in the Commonwealth.

Speaking about today's announcement, Governor McDonnell commented, "The foremost priority of our Administration is creating new jobs and getting our economy back on track. Today's announcement that Northrop Grumman, a Fortune 100 company, is moving to Virginia is a major step forward in this effort. Northrop Grumman and the Commonwealth of Virginia have long shared a close and positive working relationship. To gain the corporate headquarters of one of the largest global security contractors in the world is a testament to the strong business climate that we are focused on continually improving. This Administration will keep taxes and regulations and litigation at a minimum to attract job-creators from around the world to our state to ensure more new opportunities for all Virginians. I welcome Northrop Grumman to Virginia. I know the company will be a great corporate citizen and partner, and I thank Chairman Wes Bush and his team for their investment in the future of Virginia."

Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.

"We are pleased to have identified Virginia as the home for our new corporate office. Virginia, Maryland and the District put forward compelling, competitive offers. Our final decision was driven largely by facility considerations, proximity to our customers, and overall economics," said Wes Bush, chief executive officer and president. "We are very appreciative for the tremendous assistance we received from Governor O'Malley and the State of Maryland, Mayor Fenty and the District of Columbia, and Governor McDonnell and the Commonwealth of Virginia as well as many local counties and municipalities. We look forward to opening our new corporate office next year."

The Virginia Economic Development Partnership worked closely with company and local officials to secure the project for Virginia.

About the Virginia Economic Development Partnership

The Virginia Economic Development Partnership (VEDP), a marketing organization, was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support the development and expansion of the economy of the Commonwealth. The Partnership is a state authority, which is governed by a 22-member Board of Directors appointed by the Governor and the Virginia General Assembly. To accomplish its objectives of promoting economic expansion within the Commonwealth, the Partnership focuses its efforts on business recruitment, expansion and international trade. VEDP has offices in Virginia, Belgium, Hong Kong, Mexico and Japan