FedEx Corp. announced today that its Board of Directors has authorized a new share repurchase program of up to 25 million shares of FedEx Corp. common stock. These shares may be repurchased from time to time in the open market or in privately negotiated transactions.
“Since FY14, we have returned nearly $8 billion to shareowners through the repurchase of over 57 million shares, and we remain committed to delivering long-term value for shareowners,” said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. “Our profit and cash flow performance is strong, and we will continue to fund substantial investments in the business.”
Repurchases will be made from time to time at the company’s discretion, based on ongoing assessments of the capital needs of the business, the market price of its common stock and general market conditions. No time limit was set for the completion of the repurchase program, and the program may be suspended or discontinued at any time.
The prior repurchase authorization announced in September 2014 for 15 million shares has been completed. There were 272 million common shares outstanding as of January 25, 2016.
FL Technics subsidiary FL Technics LLC, which provides Line Maintenance services across the Middle East, has expanded its approved capabilities by adding Airbus A350, Boeing 777, Boeing 787, and Boein...
In September 2026, General Atomics AeroTec Systems will put a major focus on Africa. With two trade show appearances, the German aircraft manufacturer is highlighting the strategic importance of...
Textron Aviation delivered the 500th delivery of a Cessna Citation CJ4 series business jet, underscoring more than a decade of customer confidence in the company’s largest light jet an...
ATP Flight School has reintroduced its 100+ Hour Multi-Engine Airline Career Pilot Program at select training centers, bringing students multi-engine flight time at single-engine prices.&nbs...
