L-3 Communications Holdings, Inc. [LLL] will repurchase up to $1 billion worth of its stock over the next two years, the company announced. This is the third L-3 repurchase. "This new authorization underscores our confidence in L-3's strong fundamental business position, our growth and earnings prospects and our ability to continue to generate strong cash flows for 2009 and beyond," said Michael T. Strianese, chairman, president and chief executive officer. Repurchases under the program will be made from time to…
L-3 To Repurchase Up To $1 Billion Stock Over Two Years
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