General Dynamics Board Declares Dividend; Authorizes Share Repurchases of up to 10M Shares

The board of directors of General Dynamics GD today declared a regular quarterly dividend of 47 cents per share on the company's common stock, payable August 5, 2011, to shareholders of record at the close of business on July 1. The board also authorized management to repurchase up to 10 million shares of the company's issued and outstanding common stock on the open market.