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Northrop Grumman Corp Announces Additional $4 Billion Share Repurchase Authorization


Thursday, 16 May 2013 05:00pm EDT 

Northrop Grumman Corp announced that its board of directors has authorized an additional $4 billion for the repurchase of the company's common stock. With authorization, the Company's outstanding share repurchase authorizations total approximately $5 billion. Northrop Grumman currently plans to repurchase shares with the goal of retiring approximately 25% of its shares outstanding by the end of 2015, market conditions permitting. Share purchases will take place from time to time, subject to market conditions and management's discretion, in the open market or in privately negotiated transactions. As of March 31, 2013, Northrop Grumman had approximately 235 million shares outstanding. 

Company Quote

165.71
-0.6 -0.36%
27 Feb 2015