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Business/Financial

GD Increases Dividend, Adds To Share Repurchase Program

By Cal Biesecker

Wednesday, March 1st, 2017

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GD Increases Dividend, Adds To Share Repurchase Program

Army Stryker Vehicle Photo: U.S. Army

General Dynamics [GD] on Wednesday said it will hike its quarterly dividend by nearly 11 percent to 84 cents per share, marking the 20th straight the company’s board has authorized an annual dividend increase.The current quarterly dividend is 76 cents per share. The increase to the dividend is pay able on May 5.GD’s board also authorized the repurchase of an additional 10 million shares of the company’s stock.Share repurchases and dividends are two ways that publicly traded companies reward their…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]