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Postautor: jlgg » 20 maja 2016, o 04:52

20 million to secure division headquarters and jobs

Northrop Grumman site near BWI Kim Hairston / Baltimore Sun

Linthicum, Md Exterior of Northrop Grumman facility on Aviation Boulevard. Gov. Larry Hogan's proposed budget includes a $20 million conditional loan for Northrop Grumman, designed to retain the defense and aerospace giant's Mission Systems headquarters in Linthicum and 10,000 jobs in Maryland.

Linthicum, Md Exterior of Northrop Grumman facility on Aviation Boulevard. Gov. Larry Hogan's proposed budget hugo boss includes a $20 million conditional loan for Northrop Grumman, designed to retain the defense and aerospace giant's Mission Systems headquarters in Linthicum and 10,000 jobs in Maryland.

(Kim Hairston / Baltimore Sun)

Gov. Larry Hogan has proposed giving $20 million to Northrop Grumman Corp. to secure the defense giant's newly formed Mission Systems divisional headquarters in Linthicum and 10,000 jobs in Maryland.

The money would be given to Northrop Grumman as a conditional loan from the state's Sunny Day Fund. The debt would be forgiven if the defense contractor invests $100 million in capital projects and retains at least 10,000 workers in the state over a decade.

If it fails to meet the benchmarks, Northrop Grumman would be required to repay some or all of the loan, as occurred with nike outlet Bechtel Power Corp. in 2014 when it moved jobs from Frederick to Virginia, violating the terms of a 2011 loan package that required most of those jobs to remain in Maryland.

If approved by the General Assembly, the funding would be disbursed to Northrop Grumman, the state's largest manufacturing employer over four years. The budget for the state Department of Commerce, which includes the $20 million, will receive its first hearing Friday.

The 1,000 person headquarters of Mission Systems, created Jan. 1 through a merger of the company's electronic systems and information systems sectors, occupies 300,000 square feet in two high security office buildings in Linthicum, just northwest of Baltimore Washington International Thurgood Marshall Airport.

Northrop Grumman radar pact with Marines could reach $2 billion Arthur Hirsch

Northrop Grumman Corp. Marine Corps to produce a mobile ground radar system, the first of what could be a series of agreements worth more than $2 billion.

Much of the work on the new program will be performed at the defense contractor's massive facility.

Northrop Grumman Corp. Marine Corps to produce a mobile ground radar system, the first of what could be a series of agreements worth more than $2 billion.

However, the defense contractor has been unable to reach an agreement with its landlord on a lease renewal for the headquarters, said Greg Cole, director of finance programs for the state Department of Commerce.

"They were at the point of deciding, 'Do we stay here or do we build somewhere else or do we go somewhere else,'" Cole said. "There was a risk of their going elsewhere, and that's where the discussion began."

Northrop Grumman facility latest addition to Maryland space industry Michael Bodley, The Baltimore Sun

The $20 million center will be used to create and test cargo bound for space

The $20 million center will be used to create and test cargo bound for space (Michael Bodley, The Baltimore Sun)

The state loan is intended to help the company purchase its existing facilities or build a new headquarters elsewhere in the state, he said.

"Northrop Grumman, as the state's largest manufacturing employer, could benefit from the appropriation," Jack Martin Jr., a spokesman for the Falls Church, Va. based company, said in an email. "Overall, the funds would help stabilize our workforce in Maryland and improve business prospects for Maryland and companies within Maryland."

He did not respond to questions about the company's plans for the Missions Systems headquarters site or how it longchamp outlet would invest $100 million.

In a michael kors outlet Jan. 28 filing with the Securities and Exchange Commission associated with its fourth quarter earnings, the company disclosed that its planned capital expenditures for 2016 include $300 million for the purchase of office buildings being leased by Mission Systems. The company did not specify the locations.

"Clearly, Northrop Grumman is an incredibly important company in the state of Maryland," said Douglass Mayer, a spokesman for the Republican governor. "A partnership with a great company that employs thousands of Marylanders and contributes substantially to the tax base and has an incredibly bright and promising hugo boss future is always going to be something this administration and Governor Hogan supports."

Northrop Grumman's total economic impact on the state amounts to $5.3 billion annually, according to the state commerce department. The company's activities in the state support more than 25,000 Maryland jobs, and Northrop Grumman employees pay $49.2 million a year in state personal income and sales taxes, the agency said.

"They're very important for us to keep here and keep happy," Cole said.

Alexandra Hughes, a spokeswoman for House Speaker Michael E. Busch, an Anne Arundel Democrat, said the speaker was briefed by Maryland Commerce Secretary Mike Gill within the past 10 days on the plans for Northrop Grumman.
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Postautor: jlgg » 27 maja 2016, o 11:34

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