Northrop Grumman Announces New $3 Billion Share Repurchase Authorization
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Northrop Grumman Corporation has announced a new $3 billion share repurchase authorization, increasing the total authorized amount to $4.2 billion. The repurchases will occur based on market conditions and management's discretion.
December 11, 2024 | 9:30 pm
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Northrop Grumman has authorized an additional $3 billion for share repurchases, increasing the total to $4.2 billion. This move is likely to support the stock price by reducing the number of shares outstanding and returning capital to shareholders.
The authorization of a $3 billion share repurchase program is a significant action that typically supports stock prices by reducing the number of shares outstanding, which can increase earnings per share. It also signals management's confidence in the company's financial health.
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