Northrop gets $3B framework deal to increase motor production for PAC-3, THAAD
The deal will allow Northrop to stand up production as a second supplier of solid rocket motors for the PAC-3 interceptor.
The deal will allow Northrop to stand up production as a second supplier of solid rocket motors for the PAC-3 interceptor.
CEO Chris Kubasik told investors that "market conditions do not reflect the value we're building," and it would be better to wait for them to "settle down."
The seven-year deals have yet to be finalized, but will allow L3Harris to scale up motor production for PAC-3 and THAAD interceptors.
"Our interest is using voluntary agreements .... For us to articulate problems to them around nasty issues in the supply chain and the industrial base that allow them to communicate and work together, essentially collude," said Michael Cadenazzi, the assistant secretary of Defense for Industrial Base Policy.
The bill authorizes multiyear procurement of critical munitions, the F-35 and the Arleigh Burke destroyer.
Northrop argues that a 2018 consent order is hampering its ability to ramp up solid rocket motor production needed for critical munitions.
It will also work with DefendTex, Black Sky Industries and Anduril Australia to explore novel manufacturing methods
If the Pentagon wants more resilient supply chains, it must stop buying proprietary products and start building programs around multi-sourced and competitive projects.
Former Peraton CFO Kenneth Sharp will become the L3Harris's top finance executive later this month.
“There's just a lot of strategic synergy in those parts of our portfolio that we want to maintain ownership structure of,” said Northrop CEO Kathy Warden.
Appropriators threw a lifeline to the Navy’s F/A-XX fighter and Air Force’s E-7 Wedgetail programs while slamming the door on the Army’s agile acquisition request.
L3Harris announced plans to conduct an initial public offering of its Missile Solutions business in the second half of 2026.
To increase munitions stockpiles, the US military needs more solid rocket motors. Deep into the supply chain, there are still problems, executives told Breaking Defense.
“This will be a next-generation capability being introduced by Ursa Major for hypersonic technology,” Ursa Major CEO Dan Jablonsky told Breaking Defense.