Northrop Grumman Announces $2 Billion Accelerated Share Repurchase Agreement
01 Février 2021 - 12:44PM
Northrop Grumman Corporation (NYSE: NOC) today announced that it
has entered into an accelerated share repurchase (ASR) agreement
with Goldman Sachs & Co. LLC to repurchase $2 billion of
Northrop Grumman’s common stock. Under the ASR agreement, Northrop
Grumman will receive initial deliveries of approximately 5.9
million shares on Feb. 2, representing approximately 85 percent of
the expected share repurchases under the ASR agreement, based on
the company’s closing price of $286.61 on Jan. 29, 2021. The final
number of shares to be repurchased will be based on Northrop
Grumman’s volume-weighted average price during the term of the
transaction, less a discount, and is expected to be completed in
the second quarter of 2021. The ASR will be completed under the
company’s current share repurchase authorization, which currently
has $5.8 billion in authorization remaining.
Northrop Grumman solves the toughest problems in space,
aeronautics, defense and cyberspace to meet the ever evolving needs
of our customers worldwide. Our 97,000 employees define possible
every day using science, technology and engineering to create and
deliver advanced systems, products and services.
Cautionary Statement Regarding Forward-Looking
Statements
Statements in this press release contain or may contain
statements that constitute “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as “will,” “expect,” “anticipate,” “intend,” “may,”
“could,” “should,” “plan,” “project,” “forecast,” “believe,”
“estimate,” “guidance,” “outlook,” “trends,” “goals” and similar
expressions generally identify these forward-looking statements.
Forward-looking statements are based upon assumptions,
expectations, plans and projections that we believe to be
reasonable when made, but which may change over time. These
statements are not guarantees of future performance and inherently
involve a wide range of risks and uncertainties that are difficult
to predict. Specific risks that could cause actual results to
differ materially from those expressed or implied in these
forward-looking statements include, but are not limited to those
identified and discussed more fully in the section entitled “Risk
Factors” in the Form 10-K for the year ended December 31, 2020 and
from time to time in our other filings with the Securities and
Exchange Commission. You are urged to consider the limitations on,
and risks associated with, forward-looking statements and not
unduly rely on the accuracy of forward-looking statements. These
forward-looking statements speak only as of the date when made, and
the Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Contact: |
|
Tim Paynter
(Media)703-280-2720 (office)timothy.paynter@ngc.com |
|
|
|
|
|
Todd Ernst (Investors)703-280-4535
(office)todd.ernst@ngc.com |
Northrop Grumman (NYSE:NOC)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Northrop Grumman (NYSE:NOC)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024