Northrop Grumman has blamed higher manufacturing costs for its B-21 Raider stealth bomber for a 49 percent drop in first-quarter profit. This is not the first financial hit from the B-21 ...

Northrop Grumman Corp. (NYSE: NOC) announced today that it has incurred a $477 million pretax loss on the first batch of five aircraft for its B-21 Raider stealth bomber program. The loss, which stems ...

WASHINGTON — Northrop Grumman today revealed a new $477 million loss on the B-21 Raider program as the company grapples with higher manufacturing costs to build the US Air Force’s new stealth ...

Join the newsletter that everyone in finance secretly reads. 1M+ subscribers, 100% free. Northrop Grumman's financial standing plummeted with a pre-tax loss of $477 million tied to the B-21 Raider ...

Northrop Grumman is continuing to eat cost overruns on the initial production of its B-21 Raider, and top executives explained to investors for the first time that the company is changing its ...

Northrop, which makes the nuclear-capable B-21 Raider, posted first-quarter sales of $9.47 billion, down 7% from a year ago and below analysts' average expectation of about $9.92 billion ...

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 stealth bomber faster than the Pentagon has so far requested.

(Reuters) -Northrop Grumman cut its annual profit forecast after it posted a 49% slump in first-quarter earnings on Tuesday, as it booked losses on its B-21 stealth bomber program due to higher ...

reported first-quarter profit that missed analysts’ expectations and cut its earnings forecast for the year as costs mounted for its next-generation B-21 stealth bomber. The shares fell the most ...