News | October 27, 2015 11:20 PM EDT

UPDATE 4-US picks Northrop Grumman to build next long-range bomber - Reuters

WASHINGTON Oct 27 (Reuters) - Northrop Grumman Corp , maker of the stealth B-2 bomber, beat out a Boeing Co and Lockheed Martin Corp team 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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