Brief: Northrop Grumman CEO Says U.S. Air Force To Conclude B-21 Fleet-Size Review By Year-End - Morgan Stanley Conf. Call
BRIEF-Northrop Grumman CEO Says U.S. Air Force To Conclude B-21 Fleet-Size Review By Year-End - Morgan Stanley Conf. Call Sept 17 (Reuters) - Northrop Grumman Corp NOC.N:
NORTHROP GRUMMAN CEO SAYS U.S. AIR FORCE TO CONCLUDE B-21 FLEET-SIZE REVIEW BY YEAR-END - MORGAN STANLEY CONF. CALL
NORTHROP CEO - "WE ARE FAR ALONG IN DISCUSSIONS WITH LOCKHEED MARTIN AS TO BE THE SOLID ROCKET MOTOR PROVIDER FOR A PORTION OF THEIR BUY"
NORTHROP CEO SAYS CO IN ACTIVE DISCUSSIONS COVERING 10 AGREEMENTS ACROSS EIGHT WEAPONS PROGRAMS
NORTHROP CEO SAYS CO PLANNING FIRST SENTINEL MISSILE TEST IN 2027, WHICH IS EARLIER THAN WAS ANTICIPATED
NORTHROP CEO SAYS CO'S PROGRAMS SHIELDED FROM BUDGET UNCERTAINTY BECAUSE THEY ARE "LARGELY SUPPORTED IN THE BASE BUDGET AND FULLY FUNDED THERE"
NORTHROP CEO SAYS CAPITAL SPENDING TO REMAIN AROUND 4.5% OF SALES IN THE NEAR FUTURE
NORTHROP CEO SAYS DEMAND FOR LOWER-COST CAPABILITIES IS "NOT AN EITHER OR," AS "THE VAST MAJORITY OF DOLLARS" WILL GO TO HIGH-END SYSTEMS
Further company coverage: NOC.N
((Reuters.Briefs@thomsonreuters.com;))
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