31 January 2014
Northrop Grumman Corp. (NYSE: NOC) reported 2013 net earnings totaled USD2.0bn, comparable to 2012 net earnings.
Diluted earnings per share for 2013 increased seven percent to USD8.35 from USD7.81 in 2012. Diluted earnings per share for 2013 are based on 233.9m weighted average shares outstanding compared with 253.4m shares in 2012.
During 2013, the company repurchased 27.3m shares of its common stock for USD2.4bn. As of Dec. 31, 2013, USD3.1bn remained on the company´s current share repurchase authorization. The company has repurchased 20.8m shares toward its previously announced goal of retiring 60m shares of its outstanding common stock by the end of 2015, market conditions permitting.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide. Visit www.northropgrumman.com for more information.