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Tag Archives: B-21

McAleese & Associates: House Panel OKs $690B FY 2020 Defense Appropriations Bill

A McAleese & Associates report says the House Appropriations Committee passed a spending bill that would authorize $690B in fiscal 2020 funds for the Department of Defense, reflecting a 2.3 percent increase from DoD’s current budget. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote …

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McAleese & Associates: Sales of Northrop Climbed 22% to $8.2B in Q1 2019

A new McAleese & Associates report says Northrop Grumman (NYSE: NOC) saw its sales rise 22 percent to $8.2B in the first quarter of 2019 and recorded a sector operating profit growth of 27 percent. Jim McAleese, founder and principal of McAleese & Associates and a 2019 Wash100 winner, wrote the Falls Church, Va.-based …

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McAleese & Associates: Northrop Posts 16% Sales Growth Driven by Aerospace, Innovation Systems Segments

Consulting firm McAleese and Associates has released a report that provides an overview of the financial performance of Northrop Grumman (NYSE: NOC) during the fourth quarter and full year 2018. Northrop saw its 2018 sales jump 16 percent to $30B driven by sales growth at its innovation systems business and …

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McAleese & Associates: Undersecretary Matthew Donovan on Air Force’s Readiness, Other Priorities

Consulting firm McAleese & Associates has issued a report on the U.S. Air Force’s priorities for 2020 discussed by USAF Undersecretary Matthew Donovan at an Air Force Association event. Donovan said Friday at the AFA event that readiness remains the Air Force’s top priority and that the service plans to increase …

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PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

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Report: DoD IG Lauds USAF Acquisition Strategy, Risk Mgmt for Bomber Program

The Defense Department’s inspector general has said the U.S. Air Force developed a “comprehensive” risk management process and procurement strategy to support its $80 billion B-21 bomber aircraft program, Bloomberg reported Monday. DoD IG said in the redacted version of its audit report that the bomber program has “clearly defined” warfighter requirements …

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BAE, Northrop Celebrate Partnership on Air Force’s B-21 Bomber Program

TYSONS CORNER, VA, Nov. 13, 2017 — BAE Systems and Northrop Grumman (NYSE: NOC) held a joint event early this month to mark their partnership in efforts to build the U.S. Air Force‘s B-21 Raider bomber aircraft, ExecutiveBiz reported Friday. Union Leader reported Wednesday Maj. Gen. Thomas Bussiere, commander of the Eighth …

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Matt Donovan: USAF to Spend $2B Bomber Fund Request on Software Devt, Recruitment

Matt Donovan, Air Force undersecretary, has said the service’s $2 billion funding request for the B-21 bomber aircraft program for fiscal year 2018 would be spent on software development and staffing efforts at Northrop Grumman (NYSE: NOC), Bloomberg Technology reported Wednesday. The military branch will also allocate part of the …

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Weekly Roundup October 24 – October 28, 2016: Sector Execs Offer Outlooks at 3Q Checkpoint & more

October 24 – October 28, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Outlooks of the government contracting market’s future trajectory and its ongoing dynamics dominated the attention of sector leaders and observers this week, during which GovCon Wire helped capture the larger …

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Northrop CEO Details Cost Reduction Focus of Customers & Industry After GAO Bomber Contract Review Goes Public

Northrop Grumman (NYSE: NOC) CEO Wes Bush described to investors Wednesday the aerospace and defense contractor’s moves to focus on affordability and make corporate-level investments to take costs out of programs such as the B-21 bomber in response to slower-growing budgets. Budgets have not expanded at the same speed as global security …

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