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. The stock is now up 2.98 at $82.00 on above average volume. Northrop Grumman has been on an upward trend for over 2 months and has set a new high for the year.
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