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General Dynamics board authorizes share repurchases

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The board of directors of Falls Church-based General Dynamics has authorized the repurchase up to 20 million shares of the company's outstanding common stock on the open market.

The company’s stock closed at $98.88 a share on Wednesday. It was up more than $2 a share Thursday in later afternoon trading.

General Dynamics employs about 96,000 people worldwide.

Its businesses include business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies

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