The contractorâs decision came two weeks after the service issued the final request for proposals for the MQ-25A Stingray program.
âWinning is great⦠but if you canât really execute on it and deliver on it to your customer and your shareholders, then youâve done the wrong thing,â Northrop CEO Wes Bush said at an earnings call Wednesday.
âWhen youâre entrusted by the U.S. or any one of our allied nations to do something in the defense arena, thatâs a bond of trust that you canât afford to break, and we really look hard at executability under the terms of RFPs that come out to make sure that we can execute,â he added.
Bush added that the final RFPâs âparticular natureâ drove the companyâs decision to drop out of the competition but declined to elaborate.
USNI News also reported that Northropâs withdrawal from the competition leaves three companies that plan to bid for the MQ-25A Stingray contract: Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and General Atomics.
The Navy expects to award the MQ-25A design and development contract by the end of fiscal year 2018.
Chief of Naval Operations Adm. John Richardson wants the unmanned tanker capability to be available on carriersâ flight decks as early as 2019.