WALTHAM, Mass., Nov. 15, 2017 /PRNewswire/ -- Raytheon Company
(NYSE: RTN) announced today that its Board of Directors has
declared a quarterly cash dividend of $0.7975 per outstanding share of common stock.
The cash dividend is payable on Feb. 1,
2018, to shareholders of record as of the close of business
on Jan. 3, 2018.
The Board of Directors also authorized the repurchase of up
to $2.0 billion of the company's outstanding common
stock. This is in addition to amounts available under the
authorized repurchase program, which were approximately
$900 million at the end of the third
quarter of 2017. Share repurchases may take place from time to time
at the company's discretion depending on market conditions.
About Raytheon
Raytheon Company, with 2016 sales of $24
billion and 63,000 employees, is a technology and innovation
leader specializing in defense, civil government and cybersecurity
solutions. With a history of innovation spanning 95 years, Raytheon
provides state-of-the-art electronics, mission systems integration,
C5I™ products and services, sensing, effects, and
mission support for customers in more than 80 countries. Raytheon
is headquartered in Waltham, Mass.
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www.raytheon.com
Investor Relations Contact
Todd Ernst
+1.781.522.5141
Media Contact
Corinne
Kovalsky
+1.781.522.5899
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SOURCE Raytheon Company