Northrop to Spend Another $4B on Stock Buyback Plan

northrop Grumman_BLUEThe board of directors at Northrop Grumman (NYSE:NOC) has approved a plan to repurchase as much as $4 billion of common shares.

Northrop said Wednesday it will buy back stock from time to time, depending on market conditions and subject to authorization from the management team.

The company can transact via privately negotiated purchases or through the open market.

According to the Wall Street Journal, Northrop seeks to repurchase 60 million shares by the end of this calendar year and has bought back 54.3 million shares as of June 30.

You may also be interested in...

Stephanie O Sullivan Board Member HII

Former National Intelligence Official Stephanie O’Sullivan Elected to HII Board

Stephanie O’Sullivan, who served as principal deputy director in the Office of the Director of National Intelligence from 2011 to 2017 and a previous Wash100 awardee, formally joined Huntington Ingalls Industries' (NYSE: HII) board of directors Friday.

analytics

Navy Issues Solicitation for NIWC Atlantic Business Intell Support

The U.S. Navy is looking for potential sources of data analytics and business intelligence services in support of Naval Information Warfare Center Atlantic's teams that help manage the center’s product- and department-level operations.