Lockheed Martin (LMT) Raises Current Buyback Plan to $1B

August 23, 2011 8:04 AM EDT
Lockheed Martin Corporation (NYSE: LMT) approved an interim increase to the amount available under the share repurchase program of up to $1 billion.

The new authorization increases the current share repurchase program initiated in October 2010, which is expected to reach its limit prior to the next scheduled review of share repurchase authority.

A new share repurchase program is expected to be considered by the Board of Directors this fall.

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