Orbital ATK, Inc. (NYSE: OA) said that its board of directors has declared a quarterly cash dividend of USD0.26 per share.
The dividend will be payable December 10, 2015 to stockholders of record as of November 18, 2015.
Orbital ATK´s board also authorized an expansion of the company´s stock repurchase program, increasing the aggregate amount of common stock that may be purchased under the program from the lesser of USD100 million or 1.4 million shares to the lesser of USD250 million or 3.25 million shares through calendar year 2016.
As previously announced, shares of common stock may be purchased from time to time in the open market, subject to compliance with applicable laws and regulations and the company´s debt covenants and other agreements, depending upon market conditions and other factors.
Orbital ATK is a global leader in aerospace and defense technologies. The company designs, builds and delivers space, defense and aviation systems for customers around the world, both as a prime contractor and merchant supplier. Headquartered in Dulles, Virginia, Orbital ATK employs approximately 12,000 people in 18 states across the US and in several international locations.