Investing.com -- Airbus SE (OTC:EADSY) shares surged 3.4% to a session high in New York on Tuesday after the aerospace manufacturer unveiled a new mid-term outlook and announced a €5 billion share buyback programme. The company said it targets adjusted EBIT of €12-13 billion in 2029, assuming a €/$ exchange rate of 1.22. The Airbus Board of Directors approved a share buyback programme of €5 billion over three years. The outlook assumes trade regulations and tariffs remain stable and does not reflect the potential impact of M&A activities. Related articlesAirbus stock jumps on new mid-term outlook and buyback planKlarna shares surge 9% on Apple device leasing partnershipJefferies downgrades Datadog after 94% YTD rally