Northrop Grumman to Accelerate AI Innovation with NVIDIA Software

Rhea-AI Summary

Northrop Grumman (NYSE: NOC) has announced a significant agreement with NVIDIA to access and utilize NVIDIA's extensive AI software portfolio. Facilitated by Future Tech Enterprise, this collaboration aims to accelerate the development of advanced systems and enhance operational efficiency. Northrop Grumman will leverage NVIDIA’s AI and generative AI software, including NVIDIA Omniverse, to innovate and improve its capabilities. This partnership signifies a strategic move to integrate cutting-edge AI technologies into Northrop Grumman’s portfolio, enhancing delivery speed and effectiveness of their advanced systems.

Positive

• Northrop Grumman gains access to NVIDIA's industry-leading AI and generative AI software portfolio.
• The agreement aims to accelerate the development of advanced systems.
• Northrop Grumman plans to increase operational efficiency through the use of advanced AI technologies.
• The collaboration with NVIDIA could enhance the speed and effectivity of delivering Northrop Grumman's capabilities.
• This partnership opens new research and development pathways.

Negative

• No specific financial terms or immediate financial benefits of the agreement were disclosed.
• Potential risks associated with the integration and implementation of new AI technologies.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Northrop Grumman Corporation (NYSE: NOC) announced today an agreement for access and use of NVIDIA AI software to accelerate development of some of the most advanced systems.

This industry-leading agreement, facilitated by Future Tech Enterprise, gives Northrop Grumman access to NVIDIA’s extensive portfolio of AI and generative AI software, its platforms and frameworks, including NVIDIA Omniverse.

The agreement also opens research and development pathways, enabling Northrop Grumman to quickly apply advanced AI technologies across its portfolio of capabilities while also increasing operational efficiency.

“NVIDIA’s AI platforms will help us deliver Northrop Grumman’s advanced capabilities to our customers faster and with greater effect,” said Vern Boyle, Vice President, Northrop Grumman Microelectronics Center.

“NVIDIA’s AI platform is at the forefront of the industry, driving innovation that solves difficult challenges,” said Anthony Robbins, vice president for North America public sector at NVIDIA. “Northrop Grumman is the latest example of how businesses and organizations around the world are increasingly using NVIDIA AI software to deliver on the enormous potential of AI.”

About Northrop Grumman

Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our employees define possible every day.

About Future Tech Enterprise, Inc.

Future Tech Enterprise, Inc. is a global IT solutions provider, offering a diverse array of technology services and solutions to the corporate and government sectors. Specializing in comprehensive IT solutions, Future Tech helps organizations optimize their IT environments and transition to next-generation technologies that drive productivity and innovation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240516603431/en/

Mary Catherine Wilson

Chief Marketing Officer

631-472-5500

mediarelations@ftei.com

Source: Future Tech Enterprise, Inc.

FAQ

What did Northrop Grumman announce regarding NVIDIA?

Northrop Grumman announced an agreement to access and use NVIDIA's AI software to accelerate the development of advanced systems.

How will Northrop Grumman benefit from NVIDIA's AI software?

Northrop Grumman will leverage NVIDIA's AI software to enhance operational efficiency and accelerate the development of its advanced systems.

What specific AI software will Northrop Grumman utilize from NVIDIA?

Northrop Grumman will use NVIDIA's extensive AI software portfolio, including NVIDIA Omniverse.

Who facilitated Northrop Grumman's agreement with NVIDIA?

Future Tech Enterprise facilitated the agreement between Northrop Grumman and NVIDIA.

What is the stock symbol for Northrop Grumman?

The stock symbol for Northrop Grumman is NOC.