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Raytheon’s board OKs up to $6 billion in share buybacks

Raytheon Technologies Corp. RTX, +1.49% said late Tuesday its board has authorized the repurchase of up to $6 billion of the company’s stock. The new authorization replaces the company’s previous program, approved Dec. 7, 2020, the company said. Share buybacks “may take place from time to time, subject to market conditions and at the company’s discretion, in the open market, through privately negotiated transactions or other means,” Raytheon said. Shares of Raytheon were up 2% in the extended session Tuesday after ending the regular trading day up 1.5%.

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