Search results
Results from the Tech24 Deals Content Network
If Northrop Grumman has its way, one quarter of the company's outstanding stock will soon bite the dust. The company's board has widened its share repurchase program by $4 billion; it now stands ...
NEW YORK (Reuters) -The rally that has taken U.S. stocks to an all-time high is expected to have another powerful driver in 2024: companies buying back more of their own shares. Stock buybacks are ...
Faced with the prospects of slowing revenues and declining profits for the foreseeable future, defense contractor Northrop Grumman has announced a plan to boost its earnings -- by buying back its ...
Kathy Warden. Born. 1970 or 1971 (age 53–54) [1] Alma mater. James Madison University ( BA) George Washington University ( MBA) Title. President and CEO of Northrop Grumman. Kathy J. Warden is an American business executive who has been chief executive officer (CEO) and president of Northrop Grumman since 2019.
Northrop Grumman leads the development of the B-21 Raider, a long-range, stealth strategic bomber that can drop conventional and nuclear weapons; it will replace Northrop's own B-2 Spirit, the world's only known stealth bomber. Among its other projects are the production of the solid rocket boosters for NASA's Space Launch System program. It was the sole bidder on the Air Force's Ground Based ...
Share repurchase, also known as share buyback or stock buyback, is the reacquisition by a company of its own shares. [1] It represents an alternate and more flexible way (relative to dividends) of returning money to shareholders. [2] When used in coordination with increased corporate leverage, buybacks can increase share prices.
Last week, Northrop Grumman announced a plan to buy back $5 billion worth of shares, hoping to retire 25% of its share count over the next two-and-a-half years. But why is Northrop buying back stock?
The Habitation and Logistics Outpost ( HALO ), [3] [4] also called the Minimal Habitation Module ( MHM) and formerly known as the Utilization Module, is a scaled-down habitation module as part of the Lunar Gateway. [5] It will be built by Northrop Grumman Innovation Systems.