ASX:LLC 23 February 2026

March 16, 2026, 5:59 AM EDT. Rolls-Royce Holdings announced a £2.3 billion share buyback plan on February 26, adding to the £200 million repurchased earlier this year, equating to about 2.1% of its market value. The aerospace and defence company's shares have nearly doubled recently, supported by upgraded 2028 profit and cash flow targets. The historic price-to-earnings ratio near 43 suggests shares aren't cheap, raising questions on buyback value. Rising defence demand and data centre growth buoy prospects, but risks include Middle East conflict impacts on orders and operational challenges. Investors must weigh strong growth against buyback controversies and potential market corrections.