Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
Chinese Brands Are Taking Over Brazil — And It's Just Getting Started 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
MATCH Act: How New U.S. Chip Legislation Could Freeze China's Semiconductor Ambitions 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home 
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb 
Rio Tinto's California Boron Assets Attract Over a Dozen Bidders, Valued at Up to $2 Billion 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
 Block 3 Development - EconoTimes)
LINTHICUM, Md., May 9, 2016 -- Northrop Grumman Corporation (NYSE:NOC) has successfully conducted a critical design review (CDR) for the Surface Electronic Warfare Improvement Program (SEWIP) Block 3 AN/SLQ-32(V)7 electronic warfare system.
The CDR, a key milestone for the program, focused on the detailed design of the electronic attack subsystem that will make up a deployable AN/SLQ-32(V)7 system. The review of the detailed design for the auxiliary support, power, and cooling components as well as shipboard compatibility will be later this year. Two prototypes proving out the final design will be provided to the Navy at the end of the Engineering Manufacturing Development (EMD) phase.
"SEWIP is a truly disruptive technology for our warfighters and we are excited to have completed this important milestone," said Todd Leavitt, vice president of maritime systems, Northrop Grumman Mission Systems. "We are working closely with our Navy partners, to deliver this vital capability to our nation's fleet."
The technology represents a quantum leap in the early detection, signal analysis, threat warning and protection from anti-ship missiles. The system enables ships to counter threats non-kinetically, and will be installed on as many as 50 ships identified in the current budget plan.
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 government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
CONTACT: Fernando Catta-Preta
434-974-2736 (office)
434-242-9283 (mobile)
[email protected]
