The company’s board has also authorized the purchase of up to an additional $2B of Lockheed Martin (LMT) common stock under its share repurchase program. With this increase, total authorization for future repurchases under the share repurchase program is approximately $9.1B.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Lockheed Martin price target raised to $590 from $490 at Susquehanna
- Lockheed Martin price target raised to $519 from $457 at Deutsche Bank
- Lockheed Martin price target raised to $550 from $500 at Baird
- Why LMT, GD, and BA Are Gaining Altitude in the Aerospace Sector
- Lockheed Martin awarded $647M U.S. Navy contract