Daily News
by Gail Helmer

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Tuesday July 2, 2002

PC News
America's Army Launches Thursday
The U.S. Army launches July 4 on the special Recon version of America's Army. The America's Army game blends two vivid simulations: Soldiers, a role-playing portion in which players navigate life's challenges to achieve goals, and a first-person action game, called Operations. Players can download the 220 megabyte, Recon version of the Operations game with 10 levels at Go Army, and Americas Army.

Panzer Elite Demo
Wings Simulations has released a demo of its WWII tank simulation, Panzer Elite Special Edition. The demo features one single-player scenario where you command an American tank platoon, as well as an instant action mode. Download

Military News
Northrop Grumman Finally Acquires TRW
Northrop Grumman Corporation and TRW Inc. jointly announced that they have entered into a definitive merger agreement. The combination will position Northrop Grumman as the nation's second largest defense contractor with projected annual revenues of more than $26 billion and approximately 123,000 employees. Following the separation of TRW's automotive business and completion of the sale of TRW's Aeronautical Systems business, Northrop Grumman will be a Fortune 100 company.

Under the terms of the agreement, unanimously approved by the boards of directors of both companies, Northrop Grumman will acquire TRW for $60 per share in common stock in a transaction valued at approximately $7.8 billion, plus the assumption of TRW's net debt at the time of closing.

After completion of the merger, Northrop Grumman plans to separate TRW's automotive business, either through a sale or a spin-off of the business to shareholders. TRW's previously announced agreement to sell its Aeronautical Systems business to Goodrich Corporation for $1.5 billion will remain unaffected by today's announcement.

New ASTUTE Homebase Announced
HM Naval Base Clyde is to be the home base for the new ASTUTE Class submarines Defence Minster Adam Ingram announced. In a written answer to a PQ, Mr Ingram revealed that following an extensive review of Naval Base requirements, both the first and second batches of ASTUTE Class Submarines will be based at Faslane.

With a planned life of twenty five years for each submarine, this decision commits the Navy to maintaining its historic presence on the Clyde, and safeguards long term job prospects for many of the base's 5000 employees. The first batch of 3 submarines is already on order, and the first two submarines, HMS ASTUTE and HMS AMBUSH, are currently under construction at BAE SYSTEMS yard at Barrow in Furness. All three will be operating out of Faslane by the end of the decade, and it is expected that a decision will be made later this year on a further buy of up to three more.

The Astute Class - the largest and most powerful attack submarines ever ordered for the Royal Navy are designed for littoral, deep sea or ocean deployment worldwide.

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