General Dynamics to buy back up to 10 mln shares

mercoledì 5 dicembre 2007 22:46

Dec 5 (Reuters) - General Dynamics Corp (GD.N: Quotazione) said its board authorized the repurchase of up to 10 million common shares, or about 2.5 percent of the company's outstanding shares.

The defense contractor also elected J. Christopher Reyes as a director and appointed him to the board's Benefit Plans and Investment Committee and the Planning and Business Development Committee.

Reyes is co-chairman and one of the founders of Reyes Holdings LLC. (Reporting by Esha Dey in Bangalore; Editing by Deepak Kannan)