Northrop Grumman chief executive Kathy Warden delivered good news and bad news: the aerospace group expects more demand for its weapons systems, but supply chain issues could hinder efforts to expand production.
“Right now, it’s a question of how do we scale production to backfill stockpiles?” Warden said at the Economic Club of Washington, DC on Wednesday. She has also acknowledged labour shortages.
The largest US aerospace defence contractors are due for a windfall as western governments recalibrate their security strategies and increase defence spending following the Russian invasion of Ukraine.
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