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Goodrich Plans Buyback

It targets a $300 million repurchase.
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Goodrich (GR) set plans to buy back up to $300 million of common stock.

The Charlotte, N.C., aerospace company said it expects repurchases, which could amount to 6% of stock at current prices, to take place over three years.

"We are taking this action to enable the company to reduce dilution to existing shareholders from our stock-based compensation plans," Goodrich said. "We believe that this share repurchase plan, coupled with our continued focus on operational excellence and organic growth, represents an additional opportunity to enhance shareholder value."

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