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Business/Financial

Northrop Grumman Touts B-21 Benefit In First Quarter; Income, Sales Slip

By Cal Biesecker

Thursday, April 28th, 2022

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Northrop Grumman Touts B-21 Benefit In First Quarter; Income, Sales Slip

Pictured is an artist rendering of the B-21 Raider (Northrop Grumman)

Northrop Grumman [NOC] on Thursday posted first quarter results that included a boost from its ongoing development work on the Air Force’s B-21 next-generation stealth bomber. The $67 million benefit on the B-21 stems from a favorable estimate-at-completion (EAC) adjustment attributed to performance benefits on the engineering and manufacturing development (EMD) contract. An EAC refers to the hours expected to complete a project or milestone. The gain on the contract was partially offset by a benefit a year ago from…

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

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Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

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