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Northrop Grumman Losses On B-21 Production Rise To More Than $2B
Northrop Grumman lost an extra $477 million on early production of the B-21 stealth bomber, raising the company’s red ink on the first five annual lots of fixed-price contracts to over $2 billion. The after-tax value of the loss falls to $397 million, or $2.74 per diluted share. Northrop, in a slide...
Defense News on MSN1d
Northrop loses $477M on B-21 bomber as it revamps production processNorthrop CEO Kathy Warden previously warned investors that the B-21 could lose money at first, before later turning a profit.
The defence manufacturer says the loss results from changes made to its B-21 manufacturing process aimed at achieving ...
The defense contractor’s first-quarter earnings and sales missed analysts’ estimates.
Northrop Grumman is taking a $477 million hit on its B-21 Raider program to fund changes that will allow it to build the new ...
BofA Securities analyst Ronald J. Epstein reiterated the Buy rating on Northrop Grumman Corporation (NYSE: NOC) on Wednesday, lowering the price forecast from $585 to $550.
PROMONTORY, Utah — Days after an explosion destroyed a building on its remote facility in northern Utah, Northrop Grumman is shedding new light on what occurred and if its programs will be ...
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