F-18 fighter jet – a “nice margin generator.”

“F-18 has been a great program for this company and continues to be,” CFO Ken Bedingfield told investors this week at Citi’s Industrials Conference in Boston, adding that it’s also a “nice margin generator.”

He also said that Northrop (NYSE: NOC) still generates about $600 million a year in revenue producing F-18s at facilities in El Segundo, California. Northrop shares work with The Boeing Co. (NYSE: BA), handling about 40 percent of its production.

Northrop Grumman sees steady $600 million-a-year paycheck from F-18