Aerospace Group:

Boeing Authorizes $7 Billion Stock Repurchase

DDN

Wednesday, October 31st, 2007

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Boeing [BA] this week approved a new $7 billion stock repurchase program that follows a $3 billion repurchase effort approved last year that is nearing completion. "Our strong financial performance allows us to return value to our shareholders while continuing to invest in our growth and becoming more productive," said Boeing Chairman, President, and CEO Jim McNerney. "We are executing a balanced cash deployment strategy that's serving Boeing and its shareholders well." Boeing, which last week reported strong third quarter…

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