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Northrop Grumman has signed an agreement to purchase a building in Falls Church, VA, as the new location for its corporate office, according to a company statement released this afternoon.

Northrop had announced in January that it planned to move its corporate headquarters from Los Angeles to the Washington, DC area. According to today's statement:

Northrop Grumman expects to initiate operations in the new corporate office facility in the summer of 2011 with employees from the company's Los Angeles and Arlington, Va. offices. The company currently employs approximately 40,000 people in the Maryland, Virginia and Washington, D.C. region.