By Colin Kellaher
Huntington Ingalls Industries’ board added $600 million to the shipbuilder’s share-repurchase program, boosting the authorization to $3.8 billion.
The Newport News, Va., company on Wednesday said the board also extended the buyback program through the end of 2028.
Huntington had around 39.7 million shares outstanding as of Oct. 27 and a market capitalization that tops $10.3 billion.
The company bought back 175,555 for $37 million during the first nine months of 2023.
Write to Colin Kellaher at colin.kellaher@wsj.com
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