Northrop Grumman said April 21 it took a $71 million charge in its fiscal first quarter linked to an anomaly with a Vulcan Centaur solid rocket booster.
Northrop Grumman said April 21 it took a $71 million charge in its fiscal first quarter linked to an anomaly with a solid rocket booster that has grounded the Vulcan Centaur rocket.
In a statement about its first-quarter financial results, the company said its Space Systems division recorded a $71 million "unfavorable adjustment" to earnings at completion on its GEM 63XL booster "associated with a launch anomaly that occurred during the first quarter.
