Via Satellite reports, “Northrop Grumman’s Space segment saw an 8% decline in sales in 2025, but the company is projecting a return to growth in 2026. Northrop Grumman reported full-year sales on Tuesday. Space Systems sales in 2025 were $10.8 billion, a decline of $960 million compared to 2024. The company attributed the decline to work winding down on a canceled classified space program and the Next Generation Interceptor (NGI) program, which was awarded to Lockheed Martin.”
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Tag: anticipates
New Boeing CFO Highlights Improved Economic Outlook
Aviation Week reports, “Boeing CFO Jay Malave said Dec. 2 that the company expects to report a $2 billion cash burn for all of 2025, better than predicted before, and that in 2026 it will record low-single-digit billions of dollars of positive free cashflow that grows annually.”
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Northrop Anticipates Next B-21 Production Award by End of the Year
Defense One reports, “Northrop Grumman anticipates getting a second contract to continue producing the Pentagon’s new B-21 Raider by the end of the year, executives announced today. ‘With B-21, we are on track for meeting the milestones associated with an award’ for Low-Rate Initial Production Contract 2, or LRIP 2 ‘and so we are expecting that to happen in the fourth quarter,’ CEO Kathy Warden told investors during the company’s third-quarter earnings call Thursday.”
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Boeing CEO Anticipates Max 7 and 10 Certification in First Half of 2025
FlightGlobal reports, “Boeing chief executive David Calhoun thinks the company could have its 737 Max 7 and Max 10 certificated by the Federal Aviation Administration in the first half of 2025, while cautioning that the regulator will determine ultimate timing. Calhoun laid out the timeframe on 31 July, saying Boeing has made progress in redesigning the types’ engine anti-ice system, which has been holding up the certifications.”
Full Story (FlightGlobal)