5 June 2014
Hexcel Corp. (NYSE: HXL) said that its board of directors has authorized the repurchase of an additional USD150m of the company´s common stock.
The company also announced that it had recently completed the USD150m share repurchase program authorized in July 2013. Under the new program, purchases may be made from time to time in the open market or in privately negotiated transactions.
Hexcel Corp. is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defense and industrial applications such as wind turbine blades. Its website is at hexcel.com.