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BAE Systems PLC on Thursday launched the third tranche of a share buyback programme it first announced in July last year. The whole programme is worth up to £1.5 billion, consisting of three tranches of £500 million each. The first tranche was completed in November last year, the second was completed in mid-May this year. The London-based defence contractor said Morgan Stanley & Co International PLC will carry out the third £500 million tranche, running from Thursday until July 2024. BAE Systems shares were 1.0% higher at 937.40 pence each in London on Thursday morning. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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