With the U.S. defense budget set to expand in the coming years as the great power competition between Russia, China and the United States heats up, Northrop Grumman—like other defense contractors—is starting to invest in the future after a prolonged slump. “We foresee just given the nature of the threat environment that we observe around the globe today and the number of dimensions in that threat environment that are evident, we foresee a period of time here in front of us, a rather significant period of time in front of us, where our nation and our allies are going to need to invest in their national security to deal with this,” Wes Bush, chairman and chief executive officer of Northrop Grumman told investors.
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