Aerospace Group:

Business/Financial

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

By Cal Biesecker

Tuesday, April 22nd, 2025

SHARE:

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…

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 […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]