Northrop Grumman Raises $1 Billion Via Debt

Northrop Grumman issued $1 billion in new senior notes, split evenly between two tranches maturing in 2030 and 2035, with interest rates of 4.650% and 5.250%. The company plans to use the proceeds for various activities, including debt repayment and share repurchases. Additionally, they announced a $50 million equity investment in Firefly Aerospace to develop a next-generation launch vehicle named Eclipse.