SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Instagram Outage Disrupts Thousands of U.S. Users 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
FALLS CHURCH, Va., Aug. 21, 2017 -- FALLS CHURCH, Va. The U.S. Air Force has selected Northrop Grumman Corporation (NYSE:NOC) as one of two companies to mature designs for the Ground Based Strategic Deterrent (GBSD) program, the nation’s next Intercontinental Ballistic Missile (ICBM) system.
The company was awarded a $328 million contract to execute the Technology Maturation and Risk Reduction (TMRR) phase of the GBSD program.
“We look forward to the opportunity to provide the nation with a modern strategic deterrent system that is secure, resilient and affordable,” said Wes Bush, chairman, chief executive officer and president, Northrop Grumman. “As a trusted partner and technical integrator for the Air Force’s ICBM systems for more than 60 years, we are proud to continue our work to protect and defend our nation through its strategic deterrent capabilities.”
To learn more about Northrop Grumman’s GBSD program visit: www.northropgrumman.com/gbsd.
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 news.northropgrumman.com and follow us on Twitter, @NGCNews, for more information.
0817-094
Contact: Tim Paynter (Media) 703-280-2720 [email protected] Steve Movius (Investors) 703-280-4575 [email protected]
