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Northrop says could buy back up to $4 billion more in shares

Download: Printable PDF Date: 17 Sep 2015 07:50 (UTC) category:
Northrop says could buy back up to $4 billion more in shares - Manufacturer publisher
Tatjana Obrazcova
Source: Reuters

Northrop Grumman Corp , maker of Global Hawk drones, said it could buy back up to an additional $4 billion worth of shares as part of a new buyback authorization.

Based on Wednesday's close of $170.96, Northrop could buy back up to roughly 12.5 percent of its outstanding shares.

The company had said in July it was on track to complete a previously announced 60 million share repurchase program by the end of the year.

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