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Work resumed under the Long Range Strike Bomber program (LRS-B), which resulted in the Northrop Grumman B-21 Raider. [15] [12] Debates persist within the Air Force ranks about the 2037 bomber and the future of long-range strike. The Air Force's interest, or lack thereof, in a follow-on bomber to the LRS-B has not been publicly divulged.
Northrop Grumman, headquartered in Falls Church, Virginia, employs roughly 97,000 people. The company has a market cap of $75 billion, and its stock was trading at roughly $490 a share on Sept. 9.
Northrop Grumman Corporation is an American multinational aerospace and defense company. With 95,000 employees [3] and an annual revenue in excess of $30 billion, it is one of the world's largest weapons manufacturers and military technology providers. [4] [5] [6] The firm ranked No. 101 on the 2022 Fortune 500 list of America's largest ...
That sounds good, until you realize that at a $73.9 billion market capitalization, it means Northrop Grumman stock currently costs nearly 30 times this year's free cash flow -- which seems quite a ...
Defense contractor Northrop Grumman told its employees that about 1,000 jobs could be cut in Southern California after lost a big satellite contract.
The Air Force subsequently halted funding for the Boeing project, leaving Northrop Grumman as the sole bidder for the contract by October 2019. [19] In December 2019, it was announced that Northrop Grumman won the competition to build the future ICBM. Northrop won by default, as their bid was the only one left to be considered for the GBSD program.
Northrop Grumman shares have underperformed the S&P 500 over the past quarter-century: Source: S&P Capital IQ. Since 1987, shares have returned an average of 8.1% a year, compared with 9.7% a year ...
Both companies said Northrop Grumman's acquisition would not affect Scaled Composites' strategy or involve replacing Burt Rutan as senior manager. [2] The acquisition by Northrop Grumman was completed on August 24, 2007. [3] Rutan retired in April 2011. [4] Ben Diachun, a long time employee, was president of Scaled from Oct 31, 2015, [5] until ...