Q3 revenues grow but air programme sales abate for Northrop Grumman
B-2 Spirit stealth bomber. (Photo: USAF/Tech Sgt Heather Salazar)
Northrop Grumman reports lower Q3 sales on various USAF programmes.
Northrop Grumman saw sales in its Aeronautics division dip by 6% year on year to $2.72 billion in Q3 2021, citing lower activity on ‘manned aircraft and autonomous systems, including restricted programmes'.
These programmes included the F-35 Lightning II, the B-2 defensive management systems modernisation programme and ‘certain’ RQ-4 Global Hawk programmes, the manufacturer announced on 28 October.
Overall, Northrop Grumman saw year-on-year organic sales grow by 3% in Q3 to reach $8.7 billion.
Northrop Grumman Defense Systems saw Q3 sales fall by 24% year on year to $1.41 billion, mainly due to the divestment of its IT services business.
However, activity increased for Mission Systems in programmes such as the Ground Based Strategic Deterrent, which also contributed to a 22% sales increase in the Space Systems division.
More from Defence Notes
-
![Trump enters the White House promising into bring the US military to a “golden age”]()
Trump enters the White House promising into bring the US military to a “golden age”
The returning US president also reiterated a commitment to supply the services with “made-in-America” capabilities and to end conflicts worldwide.
-
![Incoming Irish government backs plans for larger defence force]()
Incoming Irish government backs plans for larger defence force
It has been more than six weeks since the Irish general election. After long negotiations, a coalition of two of the three largest parties and independents has resulted in a Programme for Government (PfG) which will form the basis of a government almost guaranteed to be formed on 22 January.
-
![Top-level commitments but no meat in UK Defence Industrial Strategy’s Statement of Intent]()
Top-level commitments but no meat in UK Defence Industrial Strategy’s Statement of Intent
The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
-
![UK begins process on new industrial strategy]()
UK begins process on new industrial strategy
The first stage of developing a new UK Defence Industrial Strategy has highlighted failings in current structures with solutions expected to be proposed in next year’s full strategy.
