Aerospace

Northrop Grumman Wins Air Force's Long Range Strike Bomber Contract

Northrop Grumman has won the contract to build the US Air Force’s next-generation Long Range Strike Bomber (LRS-B), an industry-shaping award that breathes new life into the world's sixth-largest defense company.
After US financial markets closed Tuesday evening, Defense Secretary Ash Carter and Air Force leadership announced that Northrop beat out the team of Boeing and Lockheed Martin for the contract, which is expected to top $55 billion over the life of the program. It's the largest military aircraft contract since Lockheed Martin won the Joint Strike Fighter (JSF) more than a decade ago.