Reported 3 days ago
Northrop Grumman Corporation has raised $1 billion by issuing new senior notes, maturing in 2030 and 2035, with interest rates of 4.650% and 5.250%. The funds will be used for debt repayment, including refinancing higher-interest debt, share repurchases, and working capital. Additionally, the company announced a $50 million investment in Firefly Aerospace to develop the Eclipse launch vehicle, aiming for its first launch by 2026.
Source: YAHOO