Sign In
Search
Business/Financial

Northrop Grumman Adds $4 Billion To Share Repurchase Program

Cal Biesecker By
SHARE:
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…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Avio Breaks Ground On New Solid Rocket Motor Facility Expected To Begin Production In 2029

Business/Financial

DoD Takes Equity Stake In Steel Firm As Part Of Funding Raise

Business/Financial

U.K. Defense Firm OpenWorks Expands Into U.S. Market

Business/Financial

Counter-Drone Tech Company Fortem Closes $50 Million Series B Round

Trending

Army Picks Initial 30 Finalists For Low-Cost Interceptor Demonstrations
USAF Looks for Long-Range Communications Drones Deployable from AFSOC Fixed Wing Platforms
USAF Awards Raytheon Nearly $21 Billion for AMRAAM Foreign Orders
21 Tranche 1, Transport Layer Satellites Delivered to Vandenberg, Northrop Grumman Says
U.S. Space Force Pins Hopes on Space-Based Radar Systems, Northrop Grumman Building GMTI System

Congress Updates

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume