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Investments

2

About Grumman

Venture capital firm

Grumman Headquarter Location

Bethpage, New York, 11714,

United States

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Research containing Grumman

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CB Insights Intelligence Analysts have mentioned Grumman in 1 CB Insights research brief, most recently on Sep 30, 2020.

Latest Grumman News

U.S. Air Force Confirms Five B-21 Raider Bombers Are Under Construction in Northrop Grumman Plant

Sep 24, 2021

The Air Force has committed to buying at least 100 B-21s  B-21 can remain undetected for longer periods than B-2  The U.S. Air Force is constructing five B-21 Raider bombers at the Northrop Grumman plant in California, the service’s top civilian has confirmed. The Air Force had only acknowledged two B-21 test aircraft in production till now. Air Force Secretary Frank Kendall made the crucial revelation at the Air Force Association’s Air, Space, and Cyber Conference at Maryland Monday, reported  Defense News. “As I speak there are now five test aircraft being manufactured  on the B-21 production line at Air Force Plant 42 in Palmdale, California,” he said. "You will never hear me make optimistic predictions about programs. All programs have risk and the same is true of the B-21, but at this point at least, the program is making good progress to real fielded capability," Kendall added. Since its start in 2014, the B-21 program has been shrouded in secrecy. Set to join the service in 2027, the B-21s can deploy conventional and nuclear weapons in a stand-off and direct attack versions. Its advanced design will allow it to handle intelligence, surveillance and reconnaissance, electronic attack, command center, and other missions. The Air Force has committed to buying at least 100 B-21s. he Department of Defense first announced the plan to build the new Long Range Strike-Bomber (LRS-B) in October 2015. It had then decided to award the contract to Northrop Grumman Corporation. Subsequently, the bomber was renamed B-21 “Raider,” in honor of the Doolittle Raiders of World War II. Though the Air Force initially projected the first flight of the stealth bomber would occur in December 2021, it was later pushed to mid-2022. In January, Air Force Rapid Capabilities Office director Randall Walden told  Air Force Magazine that the first Raider hasn’t yet reached final assembly. "But, it is really starting to look like a bomber. The second plane, now moving down the production line, will allow the Air Force to vet the airframe," said Randall. “The second one is really more about structures, and the overall structural capability,” he said. “We’ll go in and bend it, we’ll test it to its limits, make sure that the design and the manufacturing and the production line make sense," he added. Though details about its performance are still under wraps, the B-21 Raider is expected to outperform B-2 which features low observable stealth technology designed for penetrating dense anti-aircraft defenses. Besides flying at subsonic speeds, reports said B-21s can remain undetected for longer periods by countering low-frequency radar systems developed to detect stealth aircraft. The highlight of the B-21 is that it can lose itself in the low-frequency background scatter, and is much cheaper and easier to maintain than the B-2. An artist rendering of the B-21. Photo: Official website of Northrop Grumman Loading...

Grumman Investments

2 Investments

Grumman has made 2 investments. Their latest investment was in Travis International as part of their Growth Equity on May 5, 1992.

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Grumman Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/1/1992

Growth Equity

Travis International

$10M

Yes

Bradford Equities Management, EQUUS Total Return, and Undisclosed Investors

1

5/1/1989

Seed

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$99M

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10

Date

5/1/1992

5/1/1989

Round

Growth Equity

Seed

Company

Travis International

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Amount

$10M

$99M

New?

Yes

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Co-Investors

Bradford Equities Management, EQUUS Total Return, and Undisclosed Investors

Sources

1

10

Grumman Team

1 Team Member

Grumman has 1 team member, including former President, Stephen R Dondero.

Name

Work History

Title

Status

Stephen R Dondero

VCFA Group

President

Former

Name

Stephen R Dondero

Work History

VCFA Group

Title

President

Status

Former

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