Boeing board establishes US$18bn share repurchase authorization

The Boeing board of directors has replaced the existing share repurchase program with a new US$18bn authorization. The company this year has repurchased US$9.2bn worth of its shares from the US$14bn authorization approved in December 2016. The new repurchase program replaces the existing one, bringing the total authorization to US$18bn. The timing and volume of repurchases are at the discretion of Boeing management, however it is expected that repurchases under the new share authorization will be made over the next 24 to 30 months.