Northrop Grumman CEO Kathy Warden Discusses Defense Contract Investments

Northrop Grumman’s CEO Kathy Warden stated that her company has no plans to follow L3Harris’ lead in allowing the Pentagon to take a financial stake in its solid rocket motors business. However, some suppliers may consider similar investments. The Defense Department’s $1 billion investment in L3Harris’ missile solutions business is an exception, and Northrop Grumman remains committed to maintaining ownership structure due to strategic synergy with its missiles business. Breaking Defense reports that consolidation of the defense industrial base has left only two domestic solid rocket motor providers, L3Harris and Northrop.