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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Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers
The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]
Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement
A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]
CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones
U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]
Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement
Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]