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Rolls-Royce Plans $12 Billion Buyback, Raises 2028 Targets

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Rolls-Royce increased shareholder returns with a multiyear share buyback program of up to around $12 billion and raised its targets for 2028 after earnings grew last year.

The U.K. engine maker said Thursday that its strong balance sheet allowed it to launch a buyback program of between 7 billion and 9 billion pounds ($9.49 billion-$12.20 billion) for 2026-2028, with 2.5 billion pounds of share repurchases to be completed this year.

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