Northrop Grumman’s (NYSE:NOC) “board of directors has authorized a new program to repurchase up to $2 billion of its outstanding common stock, which represents approximately 11 percent of the company’s current market capitalization.”
“Today’s increase in our share repurchase authorization demonstrates our continuing commitment to a balanced cash deployment strategy that drives value creation by investing for the future, managing risk, and distributing cash to shareholders through share repurchases and dividends, ” said Wes Bush, Northrop Grumman’s chief executive officer and president.
