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Business/Financial

L-3, Northrop Grumman Announce New Stock Repurchase Programs

By Cal Biesecker

Thursday, December 4th, 2014

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L-3 Communications [LLL] and Northrop Grumman [NOC] on Thursday said their respective boards of directors have authorized new multi-billion dollar share repurchase programs. Northrop Grumman said it is committing an additional $3 billion for the purchase of its company’s stock while L-3 is increasing its program by $1.5 billion. “We are pleased to increase our share repurchase program by $1.5 billion, which reflects our solid financial performance, strength in our balance sheet and continued confidence in the long-term outlook of…

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