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GD Authorizes Repurchase Of 10 Million Shares

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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Congress Updates

Senators Push Navy Against Single Destroyer Request In FY ’27

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Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

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Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

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Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]