Tag Archives: Share Repurchase

Affiliates of private equity firms Lindsay Goldberg and American Securities have completed the acquisition of AECOM’s (NYSE: ACM) management services business for $2.4B. “We are pleased to complete this value-enhancing transaction, which further hones our focus on our Professional Services business and we expect will enable us to accelerate debt reduction and share repurchases,” Michael Burke, chairman and CEO of AECOM, said in a statement published Monday.

A report by consulting firm McAleese & Associates says Huntington Ingalls Industries (NYSE: HII) saw its revenue rise 12 percent to $2.1B in the third quarter of 2018 with a year-to-date sales increase of 10 percent. HII posted $290M in Q3 total corporate profit, reflecting a 20 percent increase from the same period last year …

Huntington Ingalls Industries (NYSE: HII) believes its pending $380 million acquisition of Camber Corp. gives the military shipbuilder increased opportunities through prime contract vehicle positions in government services for work previously only available as a subcontractor, HII CEO Mike Petters told investors Thursday. Camber posted $364 million in revenue and holds prime positions on five government-wide …

Lockheed Martin (NYSE: LMT) unveiled revised full-year earnings and revenue guidance that exceeded Wall Street’s expectations Monday in the defense contractor’s first financial statement since the Aug. 16 spinout and merger of its former government services segment into Leidos Holdings (NYSE: LDOS). GovCon Index– and S&P 500-listed Lockheed sees earnings of $12.10 per share and $46.5 billion in revenue for …

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 …

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 …

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 …

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 …

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 …

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 …