Defense Giant Prefers Internal Investment Over Government Stake
Northrop Grumman’s CEO Kathy Warden stated that the company has no plans to allow the Pentagon to take a financial stake in its solid rocket motors business, citing strategic synergy with its missiles division. However, Warden hinted that some of its key suppliers may enter into similar investment agreements with the government. This comes after L3Harris received a $1 billion investment from the Pentagon for its missile solutions business, which will be spun off as a separate publicly-held company. The development was reported by Breaking Defense.