September 23, 2011
Raytheon Announces Share Buyback, Declares Dividend
Waltham-based defense contractor Raytheon Co., which has operations in the MetroWest region, announced that its board of directors has authorized a share repurchase plan of up to an additional $2 billion of outstanding stock.
The buyback program is similar to a $2 billion program announced in March of last year. As of July 3, the company had spent $1.2 billion on its shares under that program, according to public filings.
Raytheon also announced a quarterly cash dividend of 43 cents per share, payable on Nov. 3.
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