U.S. picks Northrop Grumman to build next long-range bomber

October 28, 2015 12:07 AM

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U.S. picks Northrop Grumman to build next long-range bomber

WASHINGTON Northrop Grumman Corp (NOC.N), maker of the stealthy B-2 bomber, beat out a team made up of Boeing Co (BA.N) and Lockheed Martin Corp (LMT.N) to develop and build a next-generation long-range strike bomber, the U.S. Defense Department said on Tuesday.

The announcement ended months of anticipation and marked the biggest contract award by the Pentagon in over a decade, a deal analysts have said could be valued at up to $80 billion if the U.S. Air Force buys all 100 stealth bombers now planned.

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