Northrop, apparently making some headway in clearing up delivery delays of key components of the MX missile's guidance system to the Air Force, said Wednesday that it expects to begin meeting the Air Force's monthly delivery requirements sometime this summer.
Speaking at the company's annual shareholders meeting in Hawthorne, Chairman Thomas V. Jones said: "We did have problems with vendor parts that slowed down our delivery." But, he continued, "we expect . . . sometime this summer to meet the requirements of the Air Force."
Delays and shortages of the guidance devices--basketball-sized instruments called inertial measuring units--had slowed down the MX missile program. The Pentagon suspended payments to Northrop in February because it had not met delivery schedules.
Jones said the suspension of payments--about $40 million worth, as of last month--has affected Northrop's cash flow, but not by a significant amount.