Credit: U.S. Air Force/Military Image/Alamy Stock Photo
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...
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Northrop Grumman Losses On B-21 Production Rise To More Than $2B is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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