FALLS CHURCH, Va., Feb. 01, 2021 (GLOBE NEWSWIRE) – Northrop Grumman Corporation (NYSE: NOC) today announced that it will redeem in cash all of its 2.55% senior bonds due October 2022 (the “Bonds”) on March 24, 2021. The Notes will be redeemed at a “redemption” premium price calculated in accordance with the Notes and the Deed and Supplementary Deed governing the Notes (the “Global Redemption”). Northrop Grumman currently expects the global buyout to result in a pre-tax charge of approximately $ 55 million in the first quarter of 2021, which is not envisioned in its 2021 financial forecast of January 28, 2021. At the As of this press release, a total principal amount of $ 1.5 billion of the banknotes was in circulation.
Northrop Grumman solves the most difficult problems in space, aeronautics, defense and cyberspace to meet the evolving needs of our customers around the world. Our 97,000 employees define the possible every day, using science, technology and engineering to create and deliver advanced systems, products and services.
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