Northrop Grumman Announces New $3 Billion Share Repurchase Authorization
Northrop Grumman (NYSE: NOC) has announced a new $3 billion share repurchase authorization approved by its board of directors. This addition increases the total outstanding authorized amount to approximately $4.2 billion. The company plans to execute these repurchases through open market or privately negotiated transactions, with timing dependent on market conditions and management's discretion.
Northrop Grumman (NYSE: NOC) ha annunciato una nuova autorizzazione al riacquisto di azioni da 3 miliardi di dollari approvata dal suo consiglio di amministrazione. Questa aggiunta aumenta l'importo totale autorizzato a circa 4,2 miliardi di dollari. La società prevede di effettuare questi riacquisti tramite transazioni sul mercato aperto o in contratti negoziati privatamente, con i tempi che dipenderanno dalle condizioni di mercato e dalla discrezione della direzione.
Northrop Grumman (NYSE: NOC) ha anunciado una nueva autorización de recompra de acciones por 3 mil millones de dólares aprobada por su junta directiva. Esta adición aumenta el monto total autorizado a aproximadamente 4.2 mil millones de dólares. La empresa planea llevar a cabo estas recompras mediante transacciones en el mercado abierto o negociaciones privadas, siendo el momento dependiente de las condiciones del mercado y de la discreción de la gerencia.
노스롭 그루맨(NYSE: NOC)이 이사회에서 승인한 30억 달러의 자사주 매입 승인을 발표했습니다. 이 추가로 승인된 총 금액은 약 42억 달러로 증가합니다. 회사는 시장 상황과 경영진의 재량에 따라 공개 시장 또는 비공식적으로 협상된 거래를 통해 이러한 매입을 실행할 계획입니다.
Northrop Grumman (NYSE: NOC) a annoncé une nouvelle autorisation de rachat d'actions de 3 milliards de dollars approuvée par son conseil d'administration. Cette addition augmente le montant total autorisé à environ 4,2 milliards de dollars. La société prévoit d'exécuter ces rachats par le biais de transactions sur le marché libre ou négociées en privé, les délais dépendant des conditions du marché et de la discrétion de la direction.
Northrop Grumman (NYSE: NOC) hat eine neue Genehmigung zum Rückkauf von Aktien in Höhe von 3 Milliarden Dollar bekannt gegeben, die vom Vorstand genehmigt wurde. Diese Ergänzung erhöht den insgesamt genehmigten Betrag auf etwa 4,2 Milliarden Dollar. Das Unternehmen plant, diese Rückkäufe über den offenen Markt oder privat ausgehandelte Transaktionen durchzuführen, wobei der Zeitpunkt von den Marktbedingungen und dem Ermessen des Managements abhängt.
- Additional $3 billion share repurchase authorization
- Total buyback authorization increased to $4.2 billion
- Demonstrates strong financial position and commitment to shareholder returns
- Large cash allocation to buybacks may reduce funds available for operations or investments
Insights
This substantial
The expanded buyback program comes at a strategic time when defense contractors are seeing increased global demand amid geopolitical tensions. This move typically supports stock price stability by reducing share count and improving per-share metrics. The discretionary nature of the program provides flexibility to balance capital returns with investment needs across NOC's technology portfolio. Historically, defense sector buybacks have proven effective at creating shareholder value during periods of sustained military spending growth. The size of this authorization relative to NOC's free cash flow generation capacity suggests a measured approach that maintains financial flexibility for operational investments and potential M&A opportunities.
FALLS CHURCH, Va., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) announced today that its board of directors has authorized an additional
Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our employees define possible every day.
Note: Statements in this press release contain or may contain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “anticipate,” “intend,” “may,” “could,” “should,” “plan,” “project,” “forecast,” “believe,” “estimate,” “guidance,” “outlook,” “trends,” “goals” and similar expressions generally identify these forward-looking statements. These forward-looking statements speak only as of the date when made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements after the date of this release, except as required by applicable law. Forward-looking statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. A discussion of these risks and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission.
Contact: Todd Ernst
703-280-4535
todd.ernst@ngc.com
This press release was published by a CLEAR® Verified individual.
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