Northrop Grumman notes $477 million loss as it manages higher B-21 programme costs
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- Increasing closing order value
- Estimating product potential
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- Supply and demand analysis
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Northrop Grumman posted a mixed set of Q1 results, as the company sought to manage higher production and manufacturing costs on its B-21 Raider programme, despite achieving a new record backlog of US$92.8 billion.
The $477 million pretax loss, the company said, was the result of a change to enable higher production rates and cover the increase in material costs for the B-21 programme, reducing risk as it scales up.
The decision to make this process change and thus incur the loss, the company added, was made jointly with the USAF.
Commenting on the Q1 results, Northrop Grumman CEO Kathy J
The $477 million pretax loss, the company said, was the result of a change to enable higher production rates and cover the increase in material costs for the B-21 programme, reducing risk as it scales up.
The decision to make this process change and thus incur the loss, the company added, was made jointly with the USAF.
Commenting on the Q1 results, Northrop Grumman CEO Kathy J
