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Northrop CEO Kathy Warden previously warned investors that the B-21 could lose money at first, before later turning a profit.
The B-21 Raider, the US Air Force’s next-generation strategic bomber, represents a significant advancement over its ...
Reuters reported that the figure was below the analysts' average expectation of about $9.92 billion.The company said it ...
Northrop Grumman has revealed that losses relating to the B-21 Raider program now stand in excess of $2 billion. Northrop’s newest loss, reported at $477 million (or $397 million after tax write ...
The latest news comes as U.S. Air Force officials state a need for 145 of the stealth bombers to cope with increasing threats to U.S. security. Announcing its first-quarter earnings today, Northrop ...
Northrop Grumman is taking a $477 million hit on its B-21 Raider program to fund changes that will allow it to build the new stealth bomber faster than the Pentagon has so far requested. The pre-tax ...
Earlier this week, it was revealed that the B-21 Raider program saw a whopping 49 percent drop in first-quarter profit. While Northrop Grumman blamed rising manufacturing costs for this ...
Northrop Grumman's recent earnings missed expectations due to significant cost growth with the B-21 program. Read more about ...
Northrop Grumman has blamed higher manufacturing costs for its B-21 Raider stealth bomber for a 49 percent drop in first-quarter profit. This is not the first financial hit from the B-21 ...