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Northrop Grumman mentioned on Thursday it expects to complete the first of the U.S. Air Force’s 5 preliminary manufacturing orders for the B-21 Raider this 12 months.
CEO Kathy Warden mentioned through the firm’s earnings name that the plane’s price was beneath the federal government’s unbiased estimate, whereas additionally highlighting the B-21’s unmatched vary, stealth and survivability.
Northrop Grumman unveils the B-21 Raider, a brand new high-tech stealth bomber developed for the U.S. Air Force, throughout an occasion in Palmdale, California, U.S., December 2, 2022. REUTERS/David Swanson (Reuters/David Swanson / Reuters Photos)
“It will be the backbone of future U.S. air power for decades to come,” she mentioned.
Introduced in December 2022 and named in honor of the Doolittle Raid of World War II, the B-21 is a digital stealth bomber using agile software program growth, superior manufacturing strategies and digital engineering instruments to assist mitigate manufacturing threat.
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Northrop Grumman unveils the B-21 Raider, a brand new high-tech stealth bomber developed for the U.S. Air Force, throughout an occasion in Palmdale, California, U.S., December 2, 2022. REUTERS/David Swanson (Reuters/David Swanson / Reuters Photos)
According to Northrop Grumman, the B-21 won’t bear block upgrades like earlier era plane, as new expertise, capabilities and weapons will be seamlessly integrated via agile software program upgrades and built-in {hardware} flexibility.
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The plane was additionally outfitted with long-range precision strike capabilities, cloud expertise and the power to use a broad combine of stand-off and direct-attack munitions.
Northrop Grumman unveils the B-21 Raider, a brand new high-tech stealth bomber developed for the U.S. Air Force, throughout an occasion in Palmdale, California, U.S., December 2, 2022. REUTERS/David Swanson (Reuters/David Swanson / Reuters Photos)
For three months ending on Dec. 31, 2022, Northrop Grumman posted income of $10.03 billion and earnings of $2.08 billion.
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On the 12 months, the protection firm reported $4.9 billion in revenue, or $31.47 per share, whereas income peaked at $36.6 billion.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| NOC | NORTHROP GRUMMAN CORP. | 447.40 | -15.67 | -3.38% |
