"Northrop Grumman's B-21 Program Costs Lead to $1.6B Charge and Stock Decline"
Northrop Grumman reported a $1.6 billion charge on the B-21 Raider program due to higher-than-expected production costs and macroeconomic disruptions, leading to a quarterly loss of nearly $1.3 billion in its aeronautics sector. The company remains confident in its outlook despite the disappointment, and is working with the government to address inflation relief. Additionally, the Air Force's Sentinel nuclear missile program has experienced a 37% cost growth, triggering a critical Nunn-McCurdy breach and an automatic review, but the Air Force remains committed to the program.