Northrop Grumman (NOC) says its board has approved an additional $4B for share buybacks bringing...

|About: Northrop Grumman Corporation (NOC)|By:, SA News Editor

Northrop Grumman (NOC) says its board has approved an additional $4B for share buybacks bringing the total outstanding authorization to $5B. Ultimately, the company wants to retire 25% of its outstanding shares (so, some 58.75M) over the next ~30 months. Shares get a modest +0.61% bump AH on the news. (PR)