Just last week, the Pentagon awarded the HUGE $55 billion Long-Range Strike Bomber (LRS-B) contract to Northrop Grumman. The LRS-B would replace the B-52 bomber, which is more than 50 years old, and the B-2 bomber, which is more than two decades old.
Secretary of Defense Ash Carter said, “[The LRS-B] would extend our ability to reach any target around the world. Building this bomber is a strategic investment in the next 50 years. It demonstrates our commitment to our allies, and our determination to potential adversaries, making it crystal clear that the United States will continue to retain the ability to project power throughout the globe long into the future.”
Air Force Chief of Staff General Mark A. Welsh III said, “The LRS-B will provide flexibility as a dual-capable
bomber, carrying both conventional and nuclear weapons. The capabilities of the LRS-B will ensure the United States is able to hold any target on the globe at risk.”
More “First Flight” milestones have been made in the Antelope Valley than in any other place in the world. That is why many refer to the Antelope Valley as the Aerospace Valley; the world’s premier aerospace location. The LRS-B is expected to bring over 1,000 engineering jobs to the Antelope Valley, specifically the Northrop Grumman facility located at Air Force Plant 42 (AFP 42) in Palmdale, and up to 6,500 jobs throughout Southern California to Northrop Grumman and suppliers.
As a retired aerospace engineer I’m excited that such a technologically advanced aircraft is being built right here in Southern California. I'm even more excited, as a leading pre-developed real estate investor, for myself and the several RTA clients that invested in commercial development-ready land near AFP 42; where the new bomber will be built. Investing near AFP 42 was a predictable investment because no matter who won the contract, Boeing, Lockheed, or Northrop, the plane would have been built in the Antelope Valley. The surge in new jobs and businesses will help to catapult already rising prime land values. Congratulations to all of you invested near this incredible project!
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