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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…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]