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Author Topic: Northrop Grumman Faces Financial Turbulence Amid B-21 Raider Production  (Read 445 times)

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Offline rangerrebew

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Northrop Grumman Faces Financial Turbulence Amid B-21 Raider Production
« on: September 28, 2024, 07:25:08 am »
Northrop Grumman Faces Financial Turbulence Amid B-21 Raider Production
Story by Jessica Taylor • 4h
 
Northrop Grumman suffered significant financial hitches while transitioning the B-21 Raider into low-rate initial production. The company recorded an almost $1.6 billion pre-tax charge in the fourth quarter of 2023 due to increased production costs and macroeconomic factors disrupting the firm. This charge comprised a cost growth on the first LRIP lot amounting to $143 million.

https://www.msn.com/en-us/money/companies/northrop-grumman-faces-financial-turbulence-amid-b-21-raider-production/ss-AA1rmlLF?ocid=widgetonlockscreen&cvid=6b23fcaf4652474fbc0a3ef8e7f8bed4&ei=128
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Offline PeteS in CA

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Re: Northrop Grumman Faces Financial Turbulence Amid B-21 Raider Production
« Reply #1 on: September 28, 2024, 10:07:52 am »
Grumman also was in the midst of financial hard times when the company was bringing the F-14 into production, at least partly due to its participation/investment in the failed F-111B project.
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Online Smokin Joe

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Re: Northrop Grumman Faces Financial Turbulence Amid B-21 Raider Production
« Reply #2 on: September 28, 2024, 10:27:48 am »
Hopefully this does not turn out to be the Air Force's LCS.
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Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

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