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Business/Financial

GD Authorizes Repurchase Of 10 Million Shares

Defense Daily Staff Defense Daily Staff
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General Dynamics [GD] this week said its board of directors has reauthorized management to repurchase up to 10 million shares of the company’s common stock, marking the third time this year the board has reauthorized the repurchase of up to 10 million shares. The company’s board this year previously reauthorized repurchasing up to 10 million shares, once in February and again in June. In the second quarter of this year, GD bought 11.1 million of its shares, using the remaining…

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