Aerospace Group:

Business/Financial

Lockheed Martin Boosts Dividend, Share Repurchase Authority

Defense Daily Staff

Friday, September 23rd, 2011

SHARE:

Lockheed Martin [LMT] yesterday boosted its quarterly dividend by 33 percent and authorized up to an additional $2.5 billion in stock repurchases under its stock buy back program. The company’s new quarterly dividend will be $1 per share, payable on Dec. 30. The increase is 25 cents higher than the current dividend and represents the ninth consecutive annual increase of at least 10 percent in the company’s quarterly dividend rate. “We continue to deliver on our long-standing goal to return…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]