Contract for first B-21 bombers expected later this year

[F-22Raptor]

WASHINGTON — Northrop Grumman expects the Air Force to award the first production contract for the B-21 Raider stealth bombers later this year.

In an earnings call with analysts Thursday, Chief Financial Officer Dave Keffer said the expected contract will be for the first of five low-rate initial production lots. The LRIP phase is scheduled to run through roughly the end of the decade, he said.

Northrop eyes low-rate production contract for B-21 this year

Northrop is wary of inflation and said more companies are pushing back on fixed-price contracts.

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