Industrials

DuPont Initiates New $2 Billion Share Buyback Program

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DuPont De Nemours  (NYSE:DD) has entered into agreements to purchase $2 billion of its common stock. The Wilmington, Del.-based chemicals company said Wednesday it would receive and retire 21.2 million shares of its common stock. The new accelerated share repurchase transaction comes after DuPont completed its previous $3.25 billion program launched in November. DuPont expects to complete the buybacks in the first quarter of 2024.

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Lockheed Martin (NYSE:LMT) Lowers 2023 F-35 Jets Delivery Outlook

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Lockheed Martin (NYSE:LMT) said Wednesday it now expects to deliver 97 F-35 aircraft in 2023, compared with its previously announced outlook of 100 of 120. The company said it has updated its F-35 Technology Refresh 3 schedule projections and now it expects to deliver the first TR-3 jet between April and June 2024. All the F-35 aircraft expected to be delivered in 2023 are in the TR-2 configuration, the company said, adding that the guidance will not impact its 2023 financial outlook. The company said it is producing the jets at a rate of 156 per year and plans to continue at this pace while it works to complete TR-3 software development and testing. For 2024, the company said that the number of deliveries will depend on when the first TR-3 is shipped and the time required to complete the customer’s acceptance process, while it is assessing impacts to that

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Rockwell Automation Signs Agreement To Acquire Autonomous Robotics Leader Clearpath Robotics

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Rockwell Automation Signs Agreement To Acquire Autonomous Robotics Leader Clearpath Robotics。Rockwell Automation: Deal to Accelerate End-To-End Autonomous Production Logistics Solutions, Providing Safer, More Efficient Manufacturing Environments for Customers

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UPS Seeks To Reduce Pilots Amid Drop In Air Freight Volume

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United Parcel Service (NYSE:UPS) aims to entice 167 senior pilots to retire early, according to an offer that was disclosed to pilots this week. The company confirmed that it’s offering “a voluntary separation benefit to eligible UPS pilots.” “At UPS, we regularly assess our operations and make adjustments to better serve our customers,” UPS said in an emailed statement. The offer includes “a comprehensive compensation package that includes cash and healthcare benefits,” UPS said, without elaborating.

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