Northrop Grumman Wins Huge Contract

Champagne bottles must have been popping over at Northrop Grumman after the behemoth got word that it won the $21.4B DOD contract to build the next-generation long-range strike bomber. The Falls Church-based company, which already makes the B-2 bomber, beat out Boeing and Lockheed Martin. It marks the biggest contract out of the Pentagon in over a decade and has the potential to reach $80B if the Air Force buys all 100 bombers, reports the New York Times. CEO Wesley Bush says his team has resources in place to “execute this important program, and we’re ready to get to work.” [NYT]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Pennsylvania Avenue Office Sells For Repositioning: The D.C. Deal Sheet

Georgetown Waterfront Office-To-Condo Conversion Lands Financing

Westfield Montgomery Pays Off $350M Loan As New Retailers Expand In Mall

Tishman Misses Payment Deadline On $450M International Square Loan

Real Estate Firm Debuts With $126M Purchase Of Historic D.C. Building

Surging Costs Force Alexandria Developers To Shift Plans

Buyer Of BXP's Sumner Square Revealed: The D.C. Deal Sheet