Global Uncertainty a Boon to U.S. Defense
It’s official: Northrop Grumman has beaten out Lockheed Martin and Boeing for the right to build the U.S. Air Force’s new generation of stealth bombers. The largest military contract ever (100 LRS-B aircraft costing $511 million each), this is a vast payout at a time when the defense industry faces a sales drought: Years of budget cuts and new partners…