Northrop Grumman Corporation Buyback
OLI recorded this information on 1/29/2024
Company: |
Northrop Grumman Corporation |
Buyback: |
NOC buyback |
$Amount Authorized: |
$1,000,000,000 |
Buyback Details: |
Northrop Grumman Corporation (NYSE: NOC) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co. LLC to repurchase $1 billion of Northrop Grumman's common stock. The company continues to target returning well over 100% of its free cash flow to shareholders through dividends and share repurchases in 2024. |
Northrop Grumman Corporation is a leading global security company providing innovative systems, products and solutions in aerospace, electronics, information systems, and technical services to government and commercial customers worldwide. The company's core competencies are aligned with the current and future needs of their customers and address emerging global security challenges in key areas, such as unmanned systems, cybersecurity, C4ISR, and logistics that are critical to the defense of the United States and its allies.
Northrop Grumman SEC Filing Email Alerts Service
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Company Name: |
Northrop Grumman Corp |
Stock buyback: |
NOC buyback |
Website: |
www.northropgrumman.com |
Sector: |
Defense |
Number of ETFs Holding NOC: |
97 |
Total Market Value Held by ETFs: |
$8.14B |
Total Market Capitalization: |
$67.82B |
% of Market Cap. Held by ETFs: |
11.99% |
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