Northrop Grumman Corp. (NOC) announced after the close Thursday that its board of directors has authorized an additional $4 billion for the repurchase of the company's common stock.
Northrop Grumman gapped up Friday and spiked higher in early trade, before settling into a narrow range. Shares finished up by 3.17 at $82.19 on the highest volume of the year. The stock has been on an upward trend for over 2 months and set a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.