Northrop Grumman Board Boosts Buyback by $2 Billion
27 Janvier 2022 - 1:20PM
Dow Jones News
By Colin Kellaher
Northrop Grumman Corp. on Thursday said its board approved the
repurchase of up to an additional $2 billion in stock.
The Falls Church, Va., aerospace-and-defense giant said the
increase brings its total buyback authorization to $4.2
billion.
Northrop, which has about 158.5 million shares outstanding and
sports a market capitalization of nearly $64 billion, said it spent
$3.7 billion on share repurchases last year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 27, 2022 07:05 ET (12:05 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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