05:46 PM EDT, 05/27/2025 (MT Newswires) -- Northrop Grumman ( NOC ) said it priced a $1 billion underwritten public offering of senior unsecured notes.

The offering includes $500 million of 4.65% senior notes due 2030 and $500 million of 5.25% senior notes due 2035, the company said late Tuesday.

Net proceeds are expected to be used for general corporate purposes, including debt repayment, share repurchases, and working capital.

The offering is expected to close May 29.