The US Navy has withheld payments from Northrop Grumman Corp. over delays to fielding an upgraded air-to-ground missile designed to destroy enemy air-defense radar, congressional auditors said.

Bloomberg's Ed Ludlow and Loren Grush bring special coverage of NASA's  Artemis II launch live from Kennedy Space Center on Florida's Space Coast.  NASA’s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. (Source: Bloomberg)

The US Army is moving to collect penalties from Northrop Grumman Corp. and Global Military Products Inc. over late deliveries of artillery ammunition to Ukraine, an example of the Pentagon’s effort to make defense contractors more accountable.

Boeing Co. generated cash for a second straight quarter and reported a 57% bump in sales during the final three months of 2025, as the US planemaker continues its recovery and benefits from surging orders. Free cash flow was $375 million in the fourth quarter, more than analysts expected, while revenue rose to $23.95 billion. Earnings were boosted by a $9.6 billion gain tied to the sale of Boeing’s Jeppesen digital aviation subsidiary last year. Jefferies Equity Research Managing Director Sheila Kahyaoglu joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

Northrop Grumman Corp. reported a successful test-fire of its new solid rocket motor that was built in less than a year, reflecting the industry’s urgency to meet the Trump administration’s demand for homegrown next-generation defense systems.