secwatch.observer — SEC 8-K summary
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Issuer:     NORTHROP GRUMMAN CORP /DE/ (NOC)
CIK:        0001133421
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001133421-21-000058
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133421/000113342121000058/0001133421-21-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133421/000113342121000058/noc-20211102.htm
  HTML page:      https://secwatch.observer/filing/0001133421-21-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer