Shares of Lockheed Martin (LMT) were gently higher in after-hours trade on Thursday after the Bethesda, Md., aerospace and defense giant added $1 billion to its planned share buyback.
Management is now authorized to buy back as much as $3.3 billion of shares, if and when it sees fit. At June 30, Lockheed Martin had about 284 million shares outstanding.
The shares were trading up 0.2% after hours. They closed the regular session up 0.6% at $392.92.