Lockheed Martin announced to purchase back an additional $2 billion in stock buyback program, supported its quarterly profit.
The military company raised its profit to $1.50 from $1.33, or 13%, increase over last quarter. Its next profit is payable Dec. 26 to shareholders of record on Dec. 1.
Shares of Lockheed Martin Corp. are exchanging around record-breaking highs, topping at $181.22 on Friday. The stock is up 20 percent in 2014.
The Bethesda, Maryland organization had 317.4 million shares available as of June 29.