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Business/Financial

Northrop Grumman Warns Of Potential Business Impacts From Pandemic

By Cal Biesecker

Thursday, March 19th, 2020

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Northrop Grumman [NOC] on Thursday said it can’t currently predict the impact on its business from the COVID-19 pandemic but warned investors of potential increased borrowing costs and of potential disruptions to its customers and operations. In addition to higher capital costs and limits to capital, the company warned that “If significant portions of our workforce are unable to work effectively, including because of illness, quarantines, government actions, facility closures or other restrictions in connection with the COVID-19 pandemic, our…

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