Northrop Grumman Expands Its Share Repurchase Program by $3 Billion

Northrop Grumman Corporation (NOC) is set to expand its share repurchase program by $3 billion, following the recent approval from its management. This would bring the company’s total outstanding amount available for repurchase to approximately$4.2 billion. The company will buy back its shares occasionally, based on market conditions and management's decisions, either on the stock market or through private deals.What’s Favoring NOC Stock?For a defense contractor like Northrop Grumman, factors such as stead ...