Reuters: Northrop Grumman to halt work on long-range bomber amid protest

• The U.S. Air Force has ordered Northrop Grumman (NOC -0.5%) to stop work on its recently awarded long-range strike bomber contract after Boeing ([BA]] -1.4%) and Lockheed Martin (LMT -0.8%) formally protested against the selection process, Reuters reports.
• Analysts have said the bomber deal could be valued at up to $80B if the Air Force buys all 100 stealth bombers now planned.