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Northrop Grumman Raises Buyback Authorization to $3.8 Billion

Provided by Dow Jones

Dec 6, 2023 11:47pm

By Ben Glickman

Northrop Grumman raised its share-buyback authorization to $3.8 billion.

The Falls Church, Va.-based defense contractor said Wednesday it had authorized an additional $2.5 billion for repurchasing company stock.

As of the end of the third quarter, the company had repurchased $1.15 billion in common stock this year.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

December 06, 2023 18:47 ET (23:47 GMT)

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