General Dynamics Board Declares Dividend, Authorizes Share Repurchases

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Aug 04, 2010, 01:00 ET

FALLS CHURCH, Va., Aug. 4 /PRNewswire-FirstCall/ -- The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of 42 cents per share on the company's common stock, payable November 12, 2010, to shareholders of record at the close of business on October 8.

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.

General Dynamics, headquartered in Falls Church, Va., employs approximately 91,000 people worldwide. 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 General Dynamics is available online at www.gd.com.

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