FALLS CHURCH, Va., Dec. 4, 2014 /PRNewswire/ -- Northrop Grumman
Corporation (NYSE: NOC) announced today that its board of directors
has authorized an additional $3
billion for the repurchase of the company's common stock.
Share repurchases will take place from time to time, subject to
market conditions and management's discretion, in the open market
or in privately negotiated transactions.
Northrop Grumman is a leading global security company providing
innovative systems, products and solutions in unmanned systems,
cyber, C4ISR, and logistics and modernization to government and
commercial customers worldwide. Please visit
www.northropgrumman.com for more information.
Note: Statements in this press release, other than statements of
historical fact, constitute "forward-looking" information within
the meaning of the Private Securities Litigation Reform Act of
1995. Words such as "anticipate," "expect," "intend," "plan,"
"believe," "estimate," "guidance," and similar expressions
generally identify these forward-looking statements. These
forward-looking statements speak only as of the date when made, and
the Company undertakes no obligation to update or revise any
forward-looking statements after the date of the subject
presentation. Forward-looking statements are not guarantees of
future performance and inherently involve a wide range of risks and
uncertainties that are difficult to predict. Actual results may
differ materially from those described or implied in these
statements based on a number of factors, including global economic
conditions, economic conditions in our industry, government fiscal
and budget policies, changes in interest rates and other market
conditions. A discussion of these risks and uncertainties is
contained in the Company's filings with the Securities and Exchange
Commission.
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SOURCE Northrop Grumman Corporation