Plan calls for razing, rebuilding Lexington Market

Nancy J. King

Senate panel approves $37.5 million tax credit for Northrop Grumman

Senate panel approves $37.5 million tax credit for Northrop Grumman

A Senate panel approved $37.5 million in tax credits Wednesday for Northrop Grumman Corp. over the next five years — an incentive pushed by the Hogan administration on top of $20 million lawmakers already intend to award the aerospace company for staying in Maryland.

The Aerospace, Electronics or Defense Contract Tax Credit, approved on a bipartisan vote, would benefit just one firm. Critics called it "corporate welfare."

Without it, supporters said, other states could lure Maryland's largest manufacturer away with better incentives.

"We're foolish if we do not try to do something," said Sen. James E. "Ed" DeGrange Sr., whose...

43°