Northrop Grumman : Secures Long-Term Supply Agreement with Norway’s Chemring Nobel

SÆTRE, Norway - June 7, 2024 - Northrop Grumman Corporation (NYSE: NOC) and Chemring Nobel AS (CHN), a Norwegian-based specialty chemicals company, recently signed a long-term sourcing agreement for high-energy, explosive powder known as HMX to support warhead production at Northrop Grumman's Missile Products manufacturing location at Rocket Center, West Virgina.

The agreement builds on the companies' long-standing relationship and complements Northrop Grumman's efforts to expand its munitions manufacturing in response to growing customer demand.

• Signed last month, the 15-year agreement effectively secures supply amid demand for the critical chemical used in the production of warheads for smart tactical missiles.
• This long-term sourcing agreement provides for a reliable long-term supply, guaranteed lead times and annual quantities, and predictable pricing, which is important due to the strict performance, safety and reliability requirements associated with HMX.
• The agreement with Chemring Nobel, Europe's largest producer of HMX, is the latest example of Northrop Grumman's commitment to supporting Norway, NATO and the security of the High North through the shared development of advanced technologies and industrial investments.

Experts:

Stephen O'Bryan, corporate vice president and global business development officer, Northrop Grumman: "Northrop Grumman is committed to supporting Norway and its NATO partners in ensuring the security of the High North. The company is forging enduring partnerships with Norwegian industry, having awarded more than $500M in contracts in the last ten years."

Helge Husby, managing director, Chemring Nobel: "As a supplier to Northrop Grumman for many years, we are delighted to have signed this long-term agreement. Chemring Nobel values this relationship and acknowledges the trust that this 15 years agreement places in us. We look forward to further developing our relationship and to providing a reliable security of supply."

Northrop Grumman awarded Norway's Chemring Nobel a top award for Supplier Resilience Excellence on May 24, 2024. (From left) Ken Brown, Vice President, Enterprise Global Supply Chain, Northrop Grumman; Jerry Hurum, Sales and Marketing Director, Chemring Nobel; Helge Husby, Managing Director, Chemring Nobel; Matt Bromberg, Corporate Vice President, Global Operations, Northrop Grumman. (Photo Credit: Northrop Grumman)

Additional Details:

Earlier this year, Northrop Grumman Chair, CEO and President Kathy Warden highlighted the importance of trusted industry collaborations to regional security and NATO's technological edge during a visit to Oslo when she met with Norwegian government and industry leaders to discuss security in the High North. Additionally, this agreement follows last month's signing of a Memorandum of Understanding on planned collaboration between Northrop Grumman and Andøya Space to support Norway's Long-Term Defense Plan.

Northrop Grumman is a leading provider of advanced weapons systems including hypersonic propulsion, armaments, components, missiles, electronics and interceptors. The company has been producing tactical rocket motors, medium and large caliber ammunition, composite structures, mechanical and electronic fuzes and advanced weapons for the U.S. and its allies since the 1940s.

Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers' toughest problems, our employees define possible every day.