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ManpowerGroup Greenlit New Share Buyback Program; Boeing Gets $145.7M+ Order

  • August 04th, 2023
  • 320 views

Shares of ManpowerGroup Inc. (NYSE: MAN) surged in after-hours trading following the company's announcement that its Board of Directors has greenlit a fresh share buyback program of up to 5.0 million shares of its common stock, which will be executed via various channels such as open market purchases, block transactions, privately negotiated deals, and other avenues.

During the extended session, $MAN was trading at $77.61, up $0.52 (+0.67%)

In other news, The Boeing Co. (NYSE: BA) has been granted a significant order worth $145,716,027 for the Increment Three Block Two engineering and manufacturing development upgrades. This order encompasses fleet release 300, alongside hardware and software enhancements, for various P-8 aircraft trainers. These trainers include operational flight, weapons tactics, and mission systems desktop trainers, as well as the training systems support center for the Navy. The comprehensive scope involves development, testing, integration, delivery, and installations.

The contract has been awarded as a cost-plus-fixed-fee, firm-fixed-price order against an existing basic ordering agreement. The Naval Air Warfare Center Training Systems Division, based in Orlando, Florida, is overseeing the contracting activity.

In after-hours, $BA was trading at $231.30, down $0.06 (-0.03%)

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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