Sign In
Search
Business/Financial

Northrop Grumman Takes $1.2 Billion Charge On B-21; Expects Losses Through Decade On LRIP Lots

Cal Biesecker By
SHARE:
Northrop Grumman Takes $1.2 Billion Charge On B-21; Expects Losses Through Decade On LRIP Lots
Northrop Grumman in November 2023 flew the B-21 stealth bomber for the first time (Northrop Grumman Photo)

After previously warning of a potential but not “probable” loss on the initial B-21 stealth bomber production contracts, Northrop Grumman [NOC] on Thursday reported a $1.2 billion after-tax charge on the program that covers the first five low-rate initial production (LRIP) options due to various “macroeconomic factors” impacting the cost to complete that work. The first B-21 LRIP option was awarded late last fall after Northrop Grumman conducted a successful first flight of the next-generation bomber. The remaining LRIP options…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Air Force

Northrop Grumman’s SiAW Completes Separation Test From F-16

Air Force

Air Force Awards Voyager $21 Million To Develop AI-Enabled ISR Capabilities

Air Force

Increase In CRAF Planes Would Bolster USAF Airlift For Pacific, Paper Says

Air Force

Pratt & Whitney Awarded More Than $1.6 Billion For F135 Sustainment

Trending

House Passes $900.6 Billion FY ‘26 NDAA, Bill Now Heads To Senate
Lawmakers Back New Army Multi-Year Deal For Black Hawks In Final FY ’26 NDAA
Vatn Systems Raises $60 Million To Scale Undersea Vessel Development And Manufacturing
Ghost Bat CCA Fires AMRAAM In Manned-Unmanned Demo Against Fighter-Class Drone
Space Development Agency Expects To Resume Tranche 1 Launches In Early 2026

Contract Updates

UPDATE: Eagle Safe Surfaces Colorado Inc. (Englewood, Colorado (SPE8EC-26-D-0006) – $139,000,000),

UPDATE: Eagle Safe Surfaces Colorado Inc.,*  Englewood, Colorado (SPE8EC-26-D-0006, $139,000,000), has been added as an awardee to the multiple award contract for snow removal equipment, issued against solicitation SPE8EC-21-R-0008 and awarded Jan. 20, 2023. The contracting activity is Defense Logistics…

AvKARE LLC (Pulaski, Tennessee) – $12,915,328

AvKARE LLC, Pulaski, Tennessee, has been awarded an estimated $12,915,328 firm-fixed-price requirements contract for telmisartan tablets. This was a competitive acquisition with nine responses received. This is a one-year base contract with four one-year option periods. Locations of performance are…

Bernard Cap LLC (Hialeah, Florida) – $18,857,146

Bernard Cap LLC,* Hialeah, Florida, has been awarded a maximum $18,857,146 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for green service uniform garrison caps. This was a competitive acquisition with six responses received. This is a five-year contract with no option periods. The ordering…

Science Applications International Corp. (Reston, Virginia) – $26,253,706

Science Applications International Corp., Reston, Virginia, has been awarded a $26,253,706 cost-plus-fixed-fee contract in support of Air Force modeling simulation sustainment support. The Air Force modeling and simulation services support (AFMS3) contract provides comprehensive support to the Department of the…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume