Tag Archives: share repurchase program

Lockheed’s Additional $3B Stock Buyback Plan Gets Board OK

Lockheed Martin (NYSE: LMT) will buy back as much as $3 billion of company stock following approval from its board of directors. The company said Thursday any transaction that will be made under its extended share repurchase program is subject to authorization from management and market regulations. Lockheed reported $45.6 …

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L-3 Board Authorizes $1.5B Stock Repurchase; Michael Strianese Comments

L-3 Communications (NYSE: LLL) has received the go-ahead from its board of directors to buy back another $1.5 billion in shares through June 30, 2017. “We are pleased to increase our share repurchase program by $1.5 billion, which reflects our solid financial performance, strength in our balance sheet and continued …

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Exelis to Repurchase Up to $350M in Shares Over 2-Year Period

Exelis (NYSE: XLS) plans to repurchase its outstanding common stock worth as much as $350 million following the board of directors’ approval of a two-year share repurchase program. The company said Tuesday it will repurchase an undefined number of shares at any time within the period ending Nov. 4, 2016, based on federal securities legislation and …

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Harris Board Approves $1B Share Buyback Plan, 42-Cent Dividend

Harris Corp.’s (NYSE: HRS) board of directors has approved a plan to buy back $1 billion in shares in addition to an existing program that has $62 million left in unused authorizations. The board has also declared a quarterly cash dividend of 42 cents per share to shareholders of record as …

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Steve Bennett, Symantec Announce Dividend Program for Shareholders

Symantec Corp. (Nasdaq: SYMC) has announced an enhanced capital allocation strategy that is expected to return approximately 50% of free cash flow to shareholders over time, according to a company statement. “A dividend program is a sign of the confidence we have in our just announced strategy and operational plan …

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