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Akanksha Bakshi

Defense Companies Experience Supply Issues As Demand For US Weaponry Surges: FT

Kathy Warden Northrop Grumman NYSE United States NOC Northrop Grumman Corporation Supply chain

Northrop Grumman Corporation (NYSE:NOC) CEO Kathy Warden gave both good and bad news: the aerospace company anticipates increased demand for its weapons systems, but supply chain issues may hinder efforts to increase output, reported Financial Times.

“Proper now, it’s a query of how can we scale manufacturing to backfill stockpiles?” Warden stated on the Financial Membership of Washington, DC on Wednesday. She has also acknowledged labor shortages.

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