
Northrop Grumman [NOC] on Thursday said it swung to a profit in the fourth quarter on strong sales and the company also substantially boosted its share repurchase program with plans to buy back $3 billion worth of its stock in 2021. Net income in the quarter was $330 million, $1.97 earnings per share (EPS), versus a $409 million ($2.43 EPS) loss a year ago, which was due to adopting a change in how it accounts for pension and other post-retirement…