Datron Will Buy Back 5% of Outstanding Shares

Datron Systems Inc., a Simi Valley maker of satellite tracking dishes and other telecommunications devices, said it plans to repurchase up to 150,000 shares of its stock, or about 5% of its shares outstanding.

Based on the stock’s recent trading prices, the buyback would cost the company about $1.4 million. Datron said it plans to use the repurchased shares for its stock option or incentive-compensation plans.