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Billionaire Rinehart builds $97M stake in U.S. defense contractors (LMT:NYSE)

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Scott Barbour

Australia’s richest person Gina Rinehart invested nearly $97M in U.S. defense contractors during the first quarter while also adding stakes in two mining companies.

Her privately held Hancock Prospecting disclosed new positions in RTX (RTX), valued at about $24.69M; Northrop Grumman (


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