Litton Industries Inc.Litton Industries Named after inventor Charles Litton Sr., Litton Industries was a large defense contractor in the United States, bought by the Northrop Grumman Corporation in 2001. Inc. has authorized a new stock buyback Stock buyback A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share. stock buyback See buyback. program allowing up to 2.5 million shares of common stock to be repurchased from time to time. Litton recently purchased 4.5 million shares of its common stock under the extension of a program authorized in 1985. Litton is a technology-based company with headquarters in Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. . |
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