BETHESDA, Md., Sept. 26, 2013 /PRNewswire/ -- Today, the Lockheed Martin Corporation (NYSE: LMT) board of directors increased the amount that the Corporation could use to repurchase shares under its share repurchase program by $3 billion.
Under the share repurchase program, the number of shares purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable law and regulation. The program does not have an expiration date.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 116,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2012 were $47.2 billion.
For additional information, visit our website: http://www.lockheedmartin.comSOURCE Lockheed Martin Corporation
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts