Warren, Casten Urge BAE Systems to Refrain from Stock Buybacks After Receiving CHIPS Act Funds
February 07, 2024
February 07, 2024
WASHINGTON, Feb. 7 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:
"BAE Systems' track record of extensive stock buyback programs raises serious concerns about its willingness to forgo buybacks at the expense of the capital needed for the investments expected of CHIPS funding recipients."
"BAE Systems has made no public indication that it plans to suspend its most recent round of stock buybacks after receiving CHIPS Act . . .
"BAE Systems' track record of extensive stock buyback programs raises serious concerns about its willingness to forgo buybacks at the expense of the capital needed for the investments expected of CHIPS funding recipients."
"BAE Systems has made no public indication that it plans to suspend its most recent round of stock buybacks after receiving CHIPS Act . . .