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David Thompson: Orbital ATK Board OKs $75M Share Buyback Plan

The board of directors ofÂ Orbital ATKÂ (NYSE: OA) has authorized the repurchase of as much as $75 million of its common stock from shareholders through the end of the year.

“I am very pleased that our board has adopted management’s recommendations for a balanced and sustainable plan to return capital to shareholders, ” David Thompson, the company’s president andÂ CEO, said Thursday.

Orbital ATK’s capital allocation plan also includes the quarterlyÂ dividend payout of $0.26 per share for stockholders of record as of June 8.

The company said the dividend is payable in cash on June 25.

M&A Activity

CSRA to Buy IT Firm NES Associates; David Keffer, Larry Prior Comment

CSRA (NYSE: CSRA) has agreed to purchase Alexandria, Virginia-based information technology services contractorÂ NES Associates for an undisclosed amount. David Keffer, chief financial officer ofÂ CSRA, said WednesdayÂ that the pending acquisition is in line with the Falls Church,Virginia-based company’sÂ â€œlong-term approach to capital allocation, as our balance sheet continues to evolve.â€ â€œAfter aggressively paying down debt, we look

Executive Moves

Jeffrey Berson Named QTS CFO, Bill Schafer to Serve as EVP of Finance & Accounting

Jeffrey Berson,Â current chief investment officer atÂ QTSÂ (NYSE: QTS) chief investment officer, will serve as the company’s chief financial officer beginning April 3, 2017 as part of QTS’ approach to C-level succession planning. QTS said Tuesday Berson will succeed Bill Schafer, who will transition toÂ a new role as the data center services provider’sÂ executive vice president of finance

Financial Report