Northrop Grumman experienced a 7% drop in first-quarter 2025 profits, attributing this decline to heightened manufacturing costs associated with its B-21 Raider stealth bomber. Revenues totaled $9.5 billion, falling short of analysts' expectations. The company reported a $477 million pre-tax loss on B-21 initiatives, reflecting higher material costs and underestimated production changes linked to an intended increase in output. The B-21, the first new stealth bomber for the US military in 30 years, aims to significantly enhance the US Air Force's bomber capabilities.
Kathy Warden, Northrop Grumman's president, stated that the drop was mainly due to higher manufacturing costs linked to a process change and rising material costs.
The B-21 Raider is highlighted as the first new stealth bomber designed for the US military in 30 years, taking its maiden flight in November 2023.
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