Northrop Grumman launches $500M ASR; targets >$3.5B total buybacks in 2021

NORTHROP GRUMMAN CORP /DE/

Initial delivery of ~1.2M shares (~85% of ASR) expected Nov. 3, based on $354.85 close.
ASR with Goldman Sachs; final share count based on VWAP, completion expected Q1 2022.
Company now targets >$3.5B of repurchases in 2021, including open market buybacks.
Remaining authorization under existing plan is $3.0B.

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