Northrop’s Stock Drops Amid High B-21 Bomber Costs
Northrop Grumman Corp.’s stock plummeted over 13% on Tuesday, marking the worst performance among S&P 500 companies. The defense contractor attributed its first-quarter profit shortfall to rising production costs for the B-21 bomber program. The unexpected cost increase put pressure on the company’s financials, leading analysts to label the quarter as “tough.” This downward trend … Read more