Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
ROLLING MEADOWS, Ill., Jan. 4, 2016 (GLOBE NEWSWIRE) -- The U.S. Special Operations Command has selected Northrop Grumman Corporation (NYSE:NOC) to provide advanced countermeasure systems for AC-130J and MC-130J aircraft.
Under the terms of the $32.8 million award, Northrop Grumman's Land and Avionics C4ISR division will provide radio frequency countermeasure systems to detect, identify, locate, deny, degrade, disrupt and defeat threats to these aircraft.
"Our solution is designed to detect and defeat not only current radio frequency threats, but also to have the flexibility to protect our warfighters as the threat evolves," said Jeff Palombo, Northrop Grumman division vice president and general manager. "Our solution is built upon our high confidence aircraft protection systems of today, coupled with an open architecture approach that enables our offering to grow to a multi-spectral, multi-function capability for the future. This approach is a subtle, yet important characteristic of our offering that protects our customer's investment in their initial RFCM system procurement while positioning AFSOC AC/MC-130 gunships for the complex battlespace of the immediate future."
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
CONTACT: Ellen Hamilton
224-625-4693
[email protected]
