Northrop Grumman to increase share buybacks by $2.5B

Northrop Grumman Corporation has announced that its board of directors has authorized an additional $2.5 billion for the repurchase of the company's common stock, increasing the outstanding authorized amount to approximately $3.8 billion, Report informs referring to Globe Newswire.

Share repurchases will take place from time to time, subject to market conditions and management's discretion, in the open market or in privately negotiated transactions.