Boeing authorized a $10 billion share buyback, and said it would raise its dividend by 50 percent to 73 cents a share, the company said Monday.
Shares jumped 1.83 percent in the after-hour trade after the announcement. (What's the stock doing now?)
(Read more: Boeing hits all-time highs despite union rejection)
The $10 billion buyback is on top of the $800 million remaining from a 2007 stock repurchase. Boeing's management plans to buy back shares in the next two or three years.
United Technologies posted a rise in quarterly profit, helped by a tax settlement and earnings increases across its aerospace and commercial building segments.
Global conflicts are going to sustain defense spending by governments, which will benefit defense contractors, one analyst said.
GE posted a 13 percent rise in net income, boosted by increases in sales of its jet engines and oil and gas equipment.