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Business/Financial

Northrop Grumman Expects Next B-21 Lots To Be Profitable; Posts Strong Second Quarter

By Cal Biesecker

Thursday, July 25th, 2024

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Northrop Grumman Expects Next B-21 Lots To Be Profitable; Posts Strong Second Quarter

The B-21 Raider continues ground testing, taxiing, and flying operations, at Edwards AFB, Calif. (Courtesy Photo on Air Force Website)

Northrop Grumman [NOC] officials on Thursday reaffirmed that the next round of production contracts for the Air Force’s new stealth bomber will be set at higher prices than the current low-rate production lots, highlighting that the next round of contracts are expected to be profitable as well. Contract negotiations for production lots covering the next 19 B-21s have not been finalized but not-to-exceed (NTE) terms were set in 2018 at a higher price than the current low-rate initial production (LRIP)…

Advanced / Transformational Technology

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Congress

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Congress

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Congress

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