Northrop Grumman CEO Says U.S. Air Force To Conclude B-21 Fleet-Size Review By Year-End - Morgan Stanley Conf. Call

By Reuters News

Sept 17 (Reuters) - Northrop Grumman Corp NOC.N:

  • NORTHROP GRUMMAN CEO SAYS U.S. AIR FORCE TO CONCLUDE B-21 FLEET-SIZE REVIEW BY YEAR-END - MORGAN STANLEY CONF. CALL

  • NORTHROP CEO - "WE ARE FAR ALONG IN DISCUSSIONS WITH LOCKHEED MARTIN AS TO BE THE SOLID ROCKET MOTOR PROVIDER FOR A PORTION OF THEIR BUY"

  • NORTHROP CEO SAYS CO IN ACTIVE DISCUSSIONS COVERING 10 AGREEMENTS ACROSS EIGHT WEAPONS PROGRAMS

  • NORTHROP CEO SAYS CO PLANNING FIRST SENTINEL MISSILE TEST IN 2027, WHICH IS EARLIER THAN WAS ANTICIPATED

  • NORTHROP CEO SAYS CO'S PROGRAMS SHIELDED FROM BUDGET UNCERTAINTY BECAUSE THEY ARE "LARGELY SUPPORTED IN THE BASE BUDGET AND FULLY FUNDED THERE"

  • NORTHROP CEO SAYS CAPITAL SPENDING TO REMAIN AROUND 4.5% OF SALES IN THE NEAR FUTURE

  • NORTHROP CEO SAYS DEMAND FOR LOWER-COST CAPABILITIES IS "NOT AN EITHER OR," AS "THE VAST MAJORITY OF DOLLARS" WILL GO TO HIGH-END SYSTEMS

Further company coverage: NOC.N

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