Home / Tag Archives: Share Repurchase

Tag Archives: Share Repurchase

Boeing Cuts Earnings Outlook on 2Q Loss as GD & Northrop Lift Forecasts on Beats, Booz Allen & CGI Top Street Estimates


Five government contractors listed in Executive Mosaic’s GovCon Index reported their latest quarterly financial results before U.S. markets opened Wednesday and all earnings per share figures fell above the consensus Wall Street forecast. Boeing (NYSE: BA) swung to a net loss for its second quarter and lowered its earnings forecast on …

Read More »

Lockheed Eyes Further Share Count Cut Via Leidos Transaction, to Use Cash Dividend for Stock Buyback

lockheed martin

Lockheed Martin (NYSE: LMT) envisions further reductions in its outstanding share count after the merger of its information systems and global solutions business into Leidos Holdings (NYSE: LDOS) completes on its scheduled closure date of Aug. 16, Lockheed Chief Financial Officer Bruce Tanner told investors Tuesday. Tanner’s comment to analysts in the company’s second …

Read More »

Boeing Increases Share Buyback Plan to $14B

boeing logo

The board of directors at Boeing (NYSE: BA) has approved an increase in the company’s share repurchase authorization to as much as $14 billion of common stock for the next two to three years. Boeing said Monday it has bought back $6.75 billion in shares and has about $5.25 billion remaining on a prior $12-billion buyback …

Read More »

General Dynamics Board OKs Plan to Repurchase 10M Shares

general dynamics logo

The board of directors at General Dynamics (NYSE: GD) has approved a plan to buy back up to 10 million additional shares of company stock in the open market, according to a press statement released Wednesday. The company repurchased about 7.15 million outstanding shares during the third quarter of 2015 and has bought back 19.28 …

Read More »

Blackstone to Purchase 17% Stake in NCR; Bill Nuti Comments

acquisition, merger

Blackstone Group has agreed to acquire a 17-percent ownership stake in consumer transaction technology maker NCR (NYSE: NCR) for approximately $820 million. NCR said Thursday it aims to transform into an integrated software development and services company and will use the investment to partly fund a planned stock repurchase program. “The NCR board has determined that executing …

Read More »

David Thompson: Orbital ATK’s $150M Buyback Plan Gets Board Approval

David Thompson

Orbital ATK‘s (NYSE: OA) board of directors has approved a plan to buy back an additional $150 million of the company’s common stock through the end of 2016. The company said Monday it may repurchase shares in the open market depending on factors such as market condition and that transactions …

Read More »

McKesson 2Q Earnings, Revenue Top Wall Street Forecasts; $2B Share Buyback Unveiled


McKesson (NYSE: MCK) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of $3.31 per share for the second quarter of the healthcare technology and services provider’s 2016 fiscal year. Second quarter earnings exceeded Wall Street analyst expectations by 32 cents and prior year figures by 62 …

Read More »

Northrop 3Q Earnings, Revenue Beat Wall Street Forecasts; Wes Bush Discusses Reorg to Investors

northrop Grumman_BLUE

Northrop Grumman (NYSE: NOC) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $2.75 per share, 56 cents higher Wall Street analyst forecasts and 59 cents more than the prior year period. The company posted a $516 million profit for the quarter and recorded $5.98 billion …

Read More »

Northrop to Spend Another $4B on Stock Buyback Plan

northrop Grumman_BLUE

The board of directors at Northrop Grumman (NYSE:NOC) has approved a plan to repurchase as much as $4 billion of common shares. Northrop said Wednesday it will buy back stock from time to time, depending on market conditions and subject to authorization from the management team. The company can transact …

Read More »

CGI to Repurchase 6M Class A Shares


CGI Group has announced plans to buy back 5,940,000 shares of the Montreal-based company’s Class A common stock for cancellation from the open market by Feb. 10, 2016. The Toronto Stock Exchange authorized CGI to use a normal course issuer bid strategy to purchase its outstanding shares through private agreements, the …

Read More »