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Northrop Surprises Pentagon As B-21 Bomber Program is Under Budget

Northrop Surprises Pentagon As B-21 Bomber Program is Under Budget

Northrop Grumman Corp.’s cost estimate for developing the new B-21 stealth bomber has come in lower than the US Air Force’s $25.1 billion projection, according to the service’s chief weapons buyer, a rare early-stage success story among major weapons programs that routinely run billions over budget….
South Korea Seeks 4.6% Hike in Defense Budget

South Korea Seeks 4.6% Hike in Defense Budget

SEOUL — The South Korean government announced a plan Tuesday for a 4.6 percent on-year increase in its defense budget for next year, with a focus on bolstering a key deterrence system to counter North Korea’s nuclear and missile threats.

The defense ministry has proposed a budget of 57.1 trilli…


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