Northrop grumman announces new $500 million accelerated share repurchase agreement

Falls church, va., feb. 02, 2023 (globe newswire) -- northrop grumman corporation (nyse: noc) today announced that it has entered into an accelerated share repurchase (asr) agreement with bank of america, n.a. to repurchase $500 million of northrop grumman's common stock. the asr is in addition to previously planned repurchases, including open market share repurchases. the company continues to target returning more than 100% of its free cash flow to shareholders through dividends and share repurchases in 2023.
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