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Northrop Grumman Adds $4 Billion To Share Repurchase Program

Cal Biesecker By
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Northrop Grumman Adds $4 Billion To Share Repurchase Program
Northrop Grumman Chairman and CEO Wes Bush. Photo: Northrop Grumman

Northrop Grumman [NOC] on Wednesday announced a new $4 billion share repurchase program on top of its existing stock buyback authorization.Through June, the company had repurchased 12.1 million of its common stock for $1.9 billion under the existing authorization, which put it at 90 percent of its goal of buying 60 million of its shares in 2015, Wes Bush, Northrop Grumman’s chairman, president and CEO, said in July on the second quarter earnings call.In May 2013 Northrop Grumman authorized an…

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