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Air Force

Northrop Grumman Flies Away With Next-Generation Bomber Contract

Tuesday, October 27th, 2015

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Northrop Grumman Flies Away With Next-Generation Bomber Contract

Northrop Grumman's B-2 bomber. Photo: Air Force.

Northrop Grumman [NOC] has been chosen to build the Air Force’s next-generation long-range bomber, a major aircraft manufacturing contract that is worth an estimated $80 billion.The incumbent manufacturer of the B-2 Spirit bomber beat out a heavyweight team comprised of Boeing [BA] and Lockheed Martin [LMT]. The contract award will significantly shape the defense aerospace industry for decades, experts have said.The decision to have Northrop Grumman build the long-range strike bomber (LRS-B) effectively preserves Northrop Grumman’s defense aircraft manufacturing plant and spreads…

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