(Reuters) - U.S. weapons maker Northrop Grumman Corp (>> Northrop Grumman Corporation) said it along with its principal teammate British defence company BAE Systems (>> BAE Systems plc) have decided not to submit a proposal for the U.S. Air Force's $16 billion T-X Trainer programme.

The companies had examined the requirements and acquisition strategy for the pilot training programme and decided that it was not in the best interests of their shareholders, Northrop said.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Martina D'Couto)

Stocks treated in this article : Northrop Grumman Corporation, BAE Systems plc
Stocks treated in this article : Northrop Grumman Corporation, BAE Systems plc