OREANDA-NEWS. The board of directors of General Dynamics (NYSE: GD) yesterday authorized management to repurchase up to 20 million shares of the company's issued and outstanding common stock on the open market.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 96,000 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.