FALLS CHURCH, Va., Aug. 6 VA-General-Dynam-div
FALLS CHURCH, Va., Aug. 6 /PRNewswire-FirstCall/ -- The board of directors
of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of
35 cents per share on the company's common stock, payable November 14, 2008,
to shareholders of record on October 10.
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. The
share repurchases may be made at management's discretion, and could represent
up to 2.5 percent of the company's 397.3 million outstanding shares. The
company has repurchased approximately 8.3 million shares since December 2007.
Headquartered in Falls Church, Virginia, General Dynamics employs
approximately 84,600 people worldwide and anticipates 2008 revenues of
approximately $29.5 billion. 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.
More information about the company is available at
http://www.generaldynamics.com.
SOURCE General Dynamics
