Northrop grumman announces $1 billion accelerated share repurchase agreement

Falls church, va., jan. 29, 2024 (globe newswire) -- 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.
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