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Business/Financial

Northrop Grumman: Export Controls Hurting Drone Makers

Julie Samuel

Thursday, August 18th, 2011

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U.S. companies want to sell more unmanned aircraft on the international market and need the export-control reforms President Barack Obama’s administration is working on to be enacted, a top executive said yesterday. Northrop Grumman [NOC] Chief Executive Officer Wes Bush warned at a Washington conference of the U.S. drone aircraft industry losing its dominance akin to how domestic satellite makers lost sales to foreign competitors because of U.S. law forbidding them from exporting to allies. “Today the U.S. is struggling…

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