Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
 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]
