northrop grumman corp on thursday said it entered an accelerated share repurchase deal with bank of america na to repurchase 500 million of the companys common stock under the terms of the deal northrop expects to receive about 900000 shares on feb 6 which represents about 80 of the expected share repurchases under the agreement the final number of shares to be repurchased through the asr will be based on northrop grummans volumeweighted average price during the term of the transaction less a discount and is expected to be completed no later than the second quarter of 2023 the company said the deal will be completed under northrops current share repurchase authorization which has about 25 billion remaining the company said