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Northrop Grumman Hopes UCLASS, Long-Range Strike Bomber Will Keep Portfolio Strong

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Northrop Grumman Hopes UCLASS, Long-Range Strike Bomber Will Keep Portfolio Strong
The X-47B landing on a carrier. Photo: Navy

Northrop Grumman [NOC] Chief Financial Officer Jim Palmer said budget constraints and uncertainty still worry the company when looking at fiscal year 2015 and beyond, but the company is counting on a handful of programs--in particular the Unmanned Carrier-Launched Airborne Surveillance and Strike (UCLASS) system for the Navy and the Long-Range Strike Bomber (LRS-B) for the Air Force--to strengthen the company’s portfolio. Speaking Thursday morning at Barclays 2014 Industrial Select Conference, Palmer acknowledged that “the Bipartisan Budget Agreement is helpful,…

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