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Originally published Tuesday, June 8, 2010 at 2:38 PM

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KBR to buy back up to 10 million shares

Engineering and construction company KBR Inc. said Tuesday its board has approved a plan to repurchase up to 10 million of its shares, maintaining its outstanding shares at about 150 million shares.

The Associated Press

HOUSTON —

Engineering and construction company KBR Inc. said Tuesday its board has approved a plan to repurchase up to 10 million of its shares, maintaining its outstanding shares at about 150 million shares.

The shares will be repurchased from "time to time in the open market at the company's discretion," KBR said.

Shares climbed 50 cents, or 2.5 percent, to $20.40 in after-hours trading. The stock had closed up 20 cents at $19.90.

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