Long-Range Bomber’s Development Would Get $12 Billion

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The U.S. Air Force’s five-year plan calls for spending $11.8 billion to develop a new long-range bomber, one of the Pentagon’s top weapons projects, according to military budget figures.

The aircraft would replace Northrop Grumman Corp.’s aging B-2 stealth bombers. The Defense Department sees it as vital to reaching far-flung, heavily defended locations worldwide. Northrop may compete with the two biggest federal contractors, Lockheed Martin Corp. and Boeing Co., which plan to bid as a team.