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Northrop Grumman Corp Increases Outstanding Share Repurchase Authorization to $2 Billion


Wednesday, 19 Sep 2012 04:01pm EDT 

Northrop Grumman Corp announced that its board of directors has authorized an increase in the company's outstanding share repurchase authorization to $2 billion of common stock. Share purchases will take place at management's discretion from time to time, depending on market conditions, in the open market or in privately negotiated transactions. As of June 30, 2012, Northrop Grumman had 248 million shares outstanding and $1.1 billion remaining on its share repurchase authorization