Boeing [BA] yesterday said it is increasing its quarterly dividend by 10 percent and will resume its stock repurchase program given its strong cash flow and outlook. The quarterly dividend is being increased to 48.5 cents per share payable in March 2013. The company has $3.6 billion remaining in its current stock repurchase authorization and plans to buy back between $1.5 billion and $2 billion worth of its shares in 2013. The repurchase program was authorized in 2007. Boeing said…
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Congress Updates
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 […]
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 […]
Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”
Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]
Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says
The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]
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