Northrop Grumman Corporation's (NYSE: NOC) Sperry Marine business unit has been awarded a contract to supply fin stabilizers for two new vehicle/passenger ferries being built in Spain. Contract terms were not disclosed.

The order was placed by IZAR Construcciones Navales, S.A., which is building the two new ships for Algerian ferry operator Enterprise Nationale de Transport Maritime de Voyagers at its Sevilla shipyard. Sperry Marine will provide 9.1 square meter Gyrofin roll stabilizers with a digital control system for each of the 20,214 gross ton ships. The equipment will be delivered in the second quarter of 2003.

Sperry Marine's unique Gyrofin design with automatic lift control technology provides adaptive roll stabilization under dynamic conditions, reducing ship roll by up to 90 percent.

Sperry Marine, with worldwide headquarters in Charlottesville, Va., is part of Northrop Grumman's Electronic Systems sector. The business unit provides smart navigation and ship control solutions for the international marine industry under the Sperry Marine, Decca and C. Plath brand names, with customer service and support through offices in 16 countries, sales representatives in 47 countries, and authorized service depots in more than 250 locations worldwide.

Headquartered in Baltimore, Md., Northrop Grumman Electronic Systems is a world leader in the design, development and manufacture of defense and commercial electronics systems including airborne radar systems, navigation systems, electronic warfare systems, precision weapons, airspace management systems, air defense systems, communications systems, space systems, marine systems, oceanic and naval systems, logistics systems and government systems.