HSBC Australia Faces A$35M Penalty Over Scam Protection Failures 
BHP Shares Fall as Jansen Potash Project Costs Surge 
SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow 
Jio IPO Filing Nears as Reliance Targets $4 Billion Market Debut 
Obayashi to Acquire Multiplex in $526M Expansion Deal 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks 
Trump Says Anthropic No Longer Seen as National Security Threat 
Trump Administration Delays DeepSeek and CXMT Trade Blacklist Designations Amid U.S.-China Tensions 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns 
Qantas Nears Launch of World’s Longest Non-Stop Flights to London and New York 
Ukrainian Drone Makers Target Japan and Asia Defense Market 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
G7 Explores AI Access Deal With U.S. Amid Anthropic Restrictions 
CHARLOTTESVILLE, Va., Dec. 15, 2015 (GLOBE NEWSWIRE) -- The U.S. Navy has awarded Northrop Grumman Corporation (NYSE:NOC) a base year contract valued at $19.8 million, with a total potential value of $47.8 million over five years, to develop the replacement inertial navigation system (INS-R) deployed on most Navy combat and support ships.
INS-R supports the new Navy Assured Positioning Navigation and Timing (A-PNT) architecture being developed by the Navy which provides increased navigation accuracy in challenging maritime combat environments. All Navy ships and submarines will require this level of navigation accuracy and weapon systems alignment data.
"The INS-R will be the foundation of the assured position, navigation and timing suite for virtually all Navy ships," said Todd Leavitt, vice president, maritime systems business unit, Northrop Grumman. "Our inertial navigation system will provide very accurate position and attitude information for the Navy's combat and support ships to help them accomplish their demanding missions."
Fiber optic gyro sensor development will take place at multiple Northrop Grumman facilities, while integration into the inertial measuring unit and incorporation of the navigation algorithms will be carried out in Charlottesville. The Charlottesville campus currently provides the WSN-7 INS, predecessor to the INS-R, which has been supporting the Navy for more than 20 years.
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: Fernando Catta-Preta
434-974-2736 (office)
434-242-9283 (mobile)
[email protected]
