{"id":131051,"date":"2023-01-26T21:36:54","date_gmt":"2023-01-26T21:36:54","guid":{"rendered":"https:\/\/fin2me.com\/?p=131051"},"modified":"2023-01-26T21:36:54","modified_gmt":"2023-01-26T21:36:54","slug":"northrop-grumman-expects-to-complete-first-of-5-b-21-stealth-bomber-orders-for-air-force-in-2023","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/northrop-grumman-expects-to-complete-first-of-5-b-21-stealth-bomber-orders-for-air-force-in-2023\/","title":{"rendered":"Northrop Grumman expects to complete first of 5 B-21 stealth bomber orders for Air Force in 2023"},"content":{"rendered":"

<\/picture> video<\/span> <\/p>\n

FOX Business Flash top headlines for January 26<\/h2>\n

Check out what’s clicking on FoxBusiness.com<\/p>\n

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.<\/p>\n

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.<\/p>\n

<\/picture>\n

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<\/span> (Reuters\/David Swanson \/ Reuters Photos)<\/span><\/p>\n

"It will be the backbone of future U.S. air power for decades to come," she said. <\/p>\n

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.<\/p>\n

DOW TO CUT 2,000 JOBS, PLANS TO SAVE $1B IN COSTS<\/strong><\/p>\n

<\/picture>\n

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<\/span> (Reuters\/David Swanson \/ Reuters Photos)<\/span><\/p>\n

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.<\/p>\n

STUART VARNEY: BIDEN'S ECONOMY IS HEADING FOR TROUBLE<\/strong><\/p>\n

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.<\/p>\n

<\/picture>\n

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<\/span> (Reuters\/David Swanson \/ Reuters Photos)<\/span><\/p>\n

For three months ending on Dec. 31, 2022, Northrop Grumman posted revenue of $10.03 billion and earnings of $2.08 billion.<\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/p>\n

On the year, the defense company reported $4.9 billion in profit, or $31.47 per share, while revenue peaked at $36.6 billion.<\/p>\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
NOC<\/td>\nNORTHROP GRUMMAN CORP.<\/td>\n443.17<\/td>\n-19.91<\/td>\n-4.30%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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