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Northrop Grumman Wins B-21 Second LRIP Lot Award, Company Positioned for Sixth Generation Aircraft Competitions, CEO Says

Frank Wolfe Frank Wolfe
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Northrop Grumman Wins B-21 Second LRIP Lot Award, Company Positioned for Sixth Generation Aircraft Competitions, CEO Says
A B-21 Raider conducts flight testing at Edwards AFB, Calif. in a photo released last May (Edwards AFB Web Site)

Northrop Grumman [NOC] said on Thursday that it received, as expected, a U.S. Air Force contract in the fourth quarter last year for the second low-rate initial production (LRIP) lot of the company's B-21 Raider stealth bomber. While Lockheed Martin [LMT] has relied on the F-35 fighter for 25 percent to 30 percent of the company's revenue, Northrop Grumman CEO Kathy Warden told investors in a fourth quarter earnings call on Thursday that Northrop Grumman expected its B-21 and the…

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