Tag Archives: stock repurchase

Northrop Posts 3% Profit Decline for 2015 on Lower Sales, Stock Buybacks Lift Year’s Earnings Past Street’s Outlook

Northrop Grumman (NYSE: NOC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a 3.86-percent decline in profit for its 2015 fiscal year compared to 2014 on lower sales in space and restricted programs and a modest increase in pension costs. Net earnings for 2015 …

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SAIC Board OKs Plan to Buy Back 5M Shares

Science Applications International Corp.’s (NYSE: SAIC) board of directors has approved a plan to buy back up to 5 million in common shares through an existing program authorized by the board in October 2013. SAIC said Monday its board has also authorized a cash dividend of 31 cents per share on the company’s …

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Maximus to Repurchase $200M in Shares; Richard Montoni Comments

Maximus‘ (NYSE: MMS) board of directors has approved a plan to buy back another $200 million of company stock either in the open market or through privately negotiated transactions. The company said Monday it will acquire the shares on top of $84 million still remaining from an earlier repurchase effort. …

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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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Kratos Repurchases 2 Million Shares of Common Stock

Kratos Defense & Security Solutions (NASDAQ: KTOS) has repurchased 2 million shares of its common stock from an institutional investor in the open market, the company announced today. The block transaction included a price of $5.45 per share.

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NetApp to Repurchase $200M of Common Stock

NetApp, Inc. (NASDAQ: NTAP) has announced it intends to repurchase $200 million of its common stock under its preexisting stock repurchase program. At that point, $900 million will remain in the preexisting authorization. The company said it will begin the repurchases in July 2011.

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