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Northrop Takes $397 Million B-21 Charge To Accelerate Production Rates, Prep For Program Increase

Cal Biesecker By
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Northrop Takes $397 Million B-21 Charge To Accelerate Production Rates, Prep For Program Increase
A B-21 Raider in flight testing at Edwards AFB, Calif. Photo: Northrop Grumman

A manufacturing process change that will allow Northrop Grumman [NOC] to reduce risk, increase production rates, and set the foundation for expanded production numbers of the B-21 stealth bomber beyond current plans helped lead to a $397 million after-tax loss on the Air Force program in the first quarter, the company said on Tuesday. The manufacturing change relates to the first five low-rate initial production (LRIP) options for the bomber, including a $226 million pre-tax reserve on the first two…

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