6 May 2014
Northrop Grumman Corp. (NYSE: NOC) said it has named Diane M. Balderson, vice president, contracts and pricing, reporting to James F. Palmer, chief financial officer.
She will succeed Harry Q.H. Lee, who will retire from Northrop Grumman at the end of 2014. Lee will work with Balderson to ensure a smooth transition. Until his retirement, Lee will continue to have primary responsibility for all contract and pricing matters, and will work closely with Balderson to ensure a smooth transition of responsibilities and customer relationships.
The vice president, contracts and pricing provides oversight to all companywide contracts and pricing policy, and is responsible for the company´s contract risk review process.
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. Visit www.northropgrumman.com for more information.