Northrop Grumman Plans Accelerated Repurchases
02 Novembre 2021 - 12:08PM
Dow Jones News
By Matt Grossman
Northrop Grumman Corp. is planning to buy back $500 million of
shares through an accelerated repurchase agreement, the aerospace
and defense company said Tuesday.
The program adds to previously planned buybacks, bringing the
company's annual repurchase target to more than $3.5 billion this
year, Northrop Grumman said.
The company said it expects to receive initial deliveries of
about 1.2 million shares on Wednesday, representing about 85% of
the expected repurchases under the accelerated program.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
November 02, 2021 06:53 ET (10:53 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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