Northrop Grumman will lose $1.17 billion on the first lot of the B-21 Raider’s low-rate initial production and will likely take charges on the next four lots, the business announced in its year-end earnings call today. “During the fourth quarter of 2023, we again reviewed our estimated profitability on the LRIP phase of the program,” CEO Kathy Warden said during the call, “and we now believe it is probable that each of the first five LRIP lots will be performed...
