General Dynamics Board Declares Dividend, Authorizes 10M Share Repurchase

The board of directors of General Dynamics

yesterday declared a regular quarterly dividend of 51 cents per share on the company's common stock, payable August 10, 2012, to shareholders of record at the close of business on July 6. The board also authorized management to repurchase 10 million shares of the company's issued and outstanding common stock on the open market. General Dynamics, headquartered in Falls Church, Va., employs approximately 93,000 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.