Northrop Grumman enters $1 billion accelerated buyback deal with Morgan Stanley

Northrop Grumman NOC, +0.08% has entered into a 1 billion accelerated share buyback agreement with Morgan Stanley & Co.The Falls Church, Va.-based defense contractor said it expected to receive about 1.8 million shares on Jan. 31, which represents about 80% of the buybacks under the repurchase deal based on the Jan. 29 closing price.The agreement will be completed under Northrop Grumman’s current share buyback authorization, which has about 3.6 billion remaining. Northrop Grumman said it expected the buyb ...