Raytheon Technologies Plans New $6 Billion Stock Buyback
December 07 2021 - 5:01PM
Dow Jones News
By Colin Kellaher
Raytheon Technologies Corp. on Tuesday said its board authorized
the repurchase of up to $6 billion of common stock.
The Waltham, Mass., defense giant, which has about 1.5 billion
shares outstanding, sports a market capitalization topping $125
billion based on Tuesday's closing price of $85.01.
Raytheon, which bought back $1 billion worth of stock during the
third quarter, said the new authorization replaces a $5 billion
repurchase program the board approved last December.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 07, 2021 16:46 ET (21:46 GMT)
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