Editors discuss Northrop's exit from the U.S. Air Force’s competition to replace the F-22 and the implications of L3Harris’ acquisition of Aerojet Rocketdyne.
The last of Northrop Grumman's Antares rockets equipped with Russian NPO Energomash engines and Ukrainian Yuzhmash-developed parts launched late on Aug. 1.
Nearly all schedule details about the B-21 Raider are classified, but the U.S. Air Force and Northrop Grumman have now provided four completed milestones.
Northrop Grumman’s sales rose 9% year-on-year to $9.6 billion in the second quarter while earnings-per-share (EPS) fell to $5.34 from $6.06 a year ago.
L3Harris reported revenue of $4.69 billion in the second quarter, up 13.5% annually, while its earnings per share (EPS) of $2.97 beat analysts’ estimates.
Northrop's move leaves Boeing and Lockheed Martin as the likely surviving bidders for the fighter at the heart of the Next Generation Air Dominance program.
Boeing and Northrop Grumman are the latest A&D OEMs to join the Department of Defense’s Rapid Assured Microelectronics Prototypes-Commercial (RAMP-C) program.
The follow-on award comes seven months after the same team completed the last of three successful tests for the Hypersonic Air-breathing Weapon Concept program.
Global defense demand remains robust with $252 billion worth of allied contract awards expected over the next 24 months, according to investment bank Jefferies.
