[NEWS] Northrop Expects Strong Spending On Drones

Reuters reports:

Chief Executive Ron Sugar on Wednesday said U.S. defense spending would likely remain steady for the next few years, but significant changes might occur in fiscal 2011 and 2012, depending on the priorities of the Obama administration.[...]

He said Northrop is well positioned in areas that should do well in any readjustment of defense priorities, including unmanned aerial vehicles, a sector which he said is expected to grow substantially in coming years.