By Ben GlickmanNorthrop Grumman raised its share-buyback authorization to $3.8 billion. The Falls Church, Va.-based defense contractor said Wednesday it had authorized an additional $2.5 billion for repurchasing company stock. As of the end of the third quarter, the company had repurchased $1.15 billion in common stock this year. Write to Ben Glickman at ben.glickman@wsj.com(END) Dow Jones NewswiresDecember 06, 2023 18:47 ET (23:47 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal December 07, 2023 05:52 UTC