Northrop Grumman expects to complete first of 5 B-21 stealth bomber orders for Air Force in 2023

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Northrop Grumman said on Thursday it expects to complete the first of the U.S. Air Force's five initial production orders for the B-21 Raider this year.

CEO Kathy Warden said during the company's earnings call that the aircraft’s cost was below the government’s independent estimate, while also highlighting the B-21’s unmatched range, stealth and survivability.

Northrop Grumman unveils the B-21 Raider, a new high-tech stealth bomber developed for the U.S. Air Force, during an event 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 said. 

Introduced in December 2022 and named in honor of the Doolittle Raid of World War II, the B-21 is a digital stealth bomber utilizing agile software development, advanced manufacturing techniques and digital engineering tools to help mitigate production risk.

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Northrop Grumman unveils the B-21 Raider, a new high-tech stealth bomber developed for the U.S. Air Force, during an event in Palmdale, California, U.S., December 2, 2022. REUTERS/David Swanson (Reuters/David Swanson / Reuters Photos)

According to Northrop Grumman, the B-21 will not undergo block upgrades like earlier generation aircraft, as new technology, capabilities and weapons can be seamlessly incorporated through agile software upgrades and built-in hardware flexibility.

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The aircraft was also outfitted with long-range precision strike capabilities, cloud technology and the ability to use a broad mix of stand-off and direct-attack munitions.

Northrop Grumman unveils the B-21 Raider, a new high-tech stealth bomber developed for the U.S. Air Force, during an event 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 revenue of $10.03 billion and earnings of $2.08 billion.

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On the year, the defense company reported $4.9 billion in profit, or $31.47 per share, while revenue peaked at $36.6 billion.

Ticker Security Last Change Change %
NOC NORTHROP GRUMMAN CORP. 443.17 -19.91 -4.30%

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