The Northrop Grumman Corporation announced today that it has selected Falls Church as the location for its new corporate offices. In a press release issued at 2 p.m. Monday afternoon, the aerospace and security company said it signed an agreement to purchase an existing building at 2980 Fairview Park Drive in the Falls Church area of Fairfax County.

According to the release, the company 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 offices.

Northrop Grumman currently employs approximately 40,000 people in the Maryland, Virginia and Washington, D.C. region.