Northrop Grumman Announces New $3 Billion Share Repurchase Authorization
04 Décembre 2018 - 10:32PM
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, increasing the
outstanding authorized amount to approximately $4.1 billion. 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 autonomous systems,
cyber, C4ISR, space, strike, and logistics and modernization to
customers worldwide. Please visit www.northropgrumman.com and
follow us on Twitter, @NGCNews, 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 “will”, "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 this press release
except as required by applicable law. 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.
Contact: |
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Tim Paynter
(Media) |
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703-280-2720 |
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timothy.paynter@ngc.com |
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Steve Movius
(Investors) |
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703-280-4575 |
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steve.movius@ngc.com |
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