WALTHAM — Raytheon Co.’s board of directors has authorized the repurchase of up to an additional $2 billion of the defense contractor’s common stock.
In a press release, the company said share repurchases may take place “from time to time at the company’s discretion depending on market conditions.”
Shares of Raytheon closed Thursday at $126, up $2.05. They have increased 19.4 percent since the start of this year.
The company, which has annual sales of about $23 billion, is Greater Lowell’s largest private employer, with about 7,000 workers at sites in Billerica, Andover and Tewksbury.
