Northrop Grumman CEO Speaking At The Morgan Stanley Laguna Conference Says Capital Spending To Remain Around 4.5% Of Sales In The Near Future; Demand For Lower-Cost Capabilities Is "Not An Either Or," As "The Vast Majority Of Dollars" Will Go To High-End Systems
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Why It Matters
Northrop Grumman plans to spend about the same amount on building things. The company says it will make both cheaper and expensive products for customers.
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