Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
GameStop Misses Q3 Revenue Estimates as Digital Shift Pressures Growth 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
FALLS CHURCH, Va., Aug. 3, 2016 -- Northrop Grumman Corporation (NYSE:NOC) has received a U.S. Navy contract to begin production of a second Japanese E-2D Advanced Hawkeye airborne early warning (AEW) and surveillance aircraft.
|
|||||
The first Japanese E-2D is in production and will be delivered in 2018.
A photo accompanying this release is available at: http://media.globenewswire.com/noc/mediagallery.html?pkgid=40965
The aircraft will be produced at the company's Aircraft Integration Center of Excellence in St. Augustine, Florida. Northrop Grumman will manufacture the Japanese E-2D on the same multiyear production line used for U.S. aircraft, which allows for a more efficient and affordable delivery schedule. The E-2D is the world's only AEW aircraft in production.
"For more than 50 years, Northrop Grumman has partnered with Japan by providing a range of capabilities and technologies in defense, security and communications," said Jane Bishop, vice president, E-2D Advanced Hawkeye programs, Northrop Grumman. "We are honored to continue this strong partnership through the E-2D program, which brings Japan a powerful new tool that meets their immediate airborne surveillance needs and facilitates information sharing across many platforms, making it a force multiplier for the future as well."
In 2014, the Japanese Ministry of Defense competitively selected the E-2D to fulfill the nation's AEW requirements. The Japan Air Self-Defense Force has operated the E-2C Hawkeye since the 1983. The E-2C is also currently used by Taiwan, France and Egypt.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide. Please visit www.northropgrumman.com for more information.
CONTACT: Lindsay McLaurin
703-280-4705 (office)
804-239-3851 (mobile)
[email protected]
