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Northrop, BAE decide against Air Force trainer program

  • Northrop Grumman (NOC -0.3%) and its principal teammate BAE Systems (OTCPK:BAESY -0.2%) have decided not to submit a proposal for the U.S. Air Force's $16B T-X Trainer program.
  • The companies examined the requirements and acquisition strategy for the pilot training program, but decided that it was not in their best interests and their shareholders.

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