“The companies have decided not to submit a proposal for the T-X Trainer program, as it would not be in the best interest of the companies and their shareholders,” Northrop said in a statement released Wednesday.
The Northrop-BAE team’s decision comes a week after Raytheon (NYSE: RTN) and Leonardo ended their partnership and a month after the service branch sought proposals for the $16.3 billion program that seeks a replacement aircraft for the current T-38 platform.
Breaking Defense’s Colin Clark wrote the companies’ withdrawal from the competition leaves three industry teams that plan to bid for the T-X program:
- Boeing (NYSE: BA) and Saab
- Lockheed Martin (NYSE: LMT) and Korean Aerospace Industries
- Sierra Nevada Corp. and Turkish Aerospace Industries