Northrop Grumman Corp. (NOC) News
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NOC News Highlights
- NOC's 30 day story count now stands at 28.
- Over the past 26 days, the trend for NOC's stories per day has been choppy and unclear. It has oscillated between 1 and 9.
- LI, ASR and UL are the most mentioned tickers in articles about NOC.
Latest NOC News From Around the Web
Below are the latest news stories about NORTHROP GRUMMAN CORP that investors may wish to consider to help them evaluate NOC as an investment opportunity.
FALLS CHURCH, Va., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today that it has priced a $2.0 billion underwritten public offering of senior unsecured notes. The notes include: $1.0 billion of 4.700% senior notes due 2033 $1.0 billion of 4.950% senior notes due 2053 Northrop Grumman expects to use the net proceeds from the offering for general corporate purposes, which may include debt repayment (including its 3.25% senior notes due
By Davit Kirakosyan
Northrop Grumman Corp. (NYSE: NOC) is selling an office campus near the McLean Metro station, billing it as a potential multifamily conversion opportunity in the Tysons submarket. In 2021 Peraton Inc., a national security contracting and tech company, acquired Northrop Grumman’s federal IT and mission support services business, which is located there in part.
It's safe to go bargain-hunting again. Just make sure the bargain is a stock you actually want to own for the long haul.
Northrop (NOC) announces to buy back $500 million of the common stock under the ASR program.
FALLS CHURCH, Va., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Bank of America, N.A. to repurchase $500 million of Northrop Grumman’s common stock. The ASR is in addition to previously planned repurchases, including open market share repurchases. The company continues to target returning more than 100% of its free cash flow to shareholders through dividends and share repurchases in 2023.
Northrop Grumman (NOC) said Thursday it entered into an accelerated share repurchase agreement with Bank of America to repurchase $500 million of its common stock.
Northrop Grumman shares have had a horrible start this year as shares have dropped almost 20% YTD. Click here to read my most recent analysis of NOC stock.
Northrop Grumman had a tremendous 2022 but shares are down over 19% in January. Read more to know why I rate NOC stock as a hold.