Deltek Authorizes Stock Repurchase Program of Up to $30M

Deltek, Inc. PROJ announced today that its Board of Directors has approved a stock repurchase program, effective August 16, 2011. Under the program, Deltek is authorized to repurchase up to $30 million of its outstanding shares of common stock at times and prices considered appropriate by the company depending upon share price, prevailing economic and market conditions and other corporate considerations. The stock repurchases may be made on the open market, in block trades or privately negotiated transactions, or otherwise. The repurchase program may be accelerated, suspended, delayed or discontinued at any time.