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Northrop Grumman Is Buying Its Shares. Should You?

TheMotleyFool

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Northrop Grumman Is Buying Its Shares. Should You?: https://g.foolcdn.com/editorial/images/764076/b3-bomber-2018_05_10-12_39_51-utc.png

Northrop Grumman (NYSE: NOC) likes its stock. I mean, really likes it.

In December last year, the defense major's board of directors roughly tripled the amount of Northrop Grumman stock that the company was authorized to buy back, to $3.8 billion. Then, just last week, the company further announced that it will "accelerate" that buyback plan by buying a $1 billion slug of its shares all at one go.

Inquiring investors want to know: What's the hurry? Why the sudden inspiration to buy so many shares, and all at once?

Source Fool.com

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