Butler National Increases Stock Repurchase Program by $10 Million

NEW CENTURY, Kan., Oct. 7, 2026 /CourierPR/ -- Butler National Corporation, a leader in aircraft modification, maintenance, repair, and overhaul (MRO) and a recognized provider of gaming management services, has announced a significant expansion of its stock repurchase program. The company’s Board of Directors has authorized a $10 million increase in the existing common stock repurchase program, bringing the total available authorization to approximately $11.9 million. The repurchase program has been extended through April 30, 2029.

This decision reflects the company’s ongoing evaluation of its capital allocation priorities and its belief that share repurchases can represent an attractive use of capital when balanced against ongoing investments in organic growth and other strategic opportunities. The size of the increased authorization was determined after considering the company’s current financial position, expected capital requirements, and opportunities to invest in the continued growth of its businesses.

Since April 30, 2026, Butler National Corporation has repurchased approximately 300,000 of its outstanding shares of common stock. The average price paid per share repurchased during this period was $4.16.

The company operates in two main segments: Aerospace Products and Professional Services. The Aerospace Products segment includes the design, manufacture, sale, and service of structural modifications, the integration and installation of electronic equipment, systems, and technologies that enhance aircraft operations, and the design, manufacture, and sale of defense-related articles. Butler National-Tempe focuses on products and services for Learjet, Challenger, Textron Beechcraft King Air, and Cessna turboprop aircraft. The Professional Services segment includes the management of a gaming, dining, and entertainment facility in Dodge City, Kansas, known as Boot Hill Casino and Resort. The resort features approximately 500 slot machines, 15 table games, and a DraftKings branded sportsbook.

Forward-looking statements in this press release, reports, communications to stockholders, and oral statements made by representatives of the company that are not historical in nature, or that state the company's or management's intentions, plans, beliefs, expectations, or predictions of the future, may constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These statements are subject to risks, uncertainties, and assumptions. Factors that could cause or contribute to such differences, many of which are outside the company's control, include customer concentration risk, dependence on government spending, government shutdown, industry-specific business cycles, regulatory hurdles, loss of key personnel, geographic location of the casino, fixed-price contracts, international sales, changing U.S. trade policy and impacts of tariffs, need to acquire hangar space for substantial growth, future acquisitions, supply chain and labor issues, customer demand, insurance costs, cyber security threats, fraud, theft and cheating at the casino, dependence on third-party platforms to offer sports wagering, outside factors influencing the profitability of sports wagering and legacy gaming, change of control restrictions, significant and expensive governmental regulation across industries, U.S. Government action with respect to contracts, failure by the company or its stockholders to maintain applicable gaming licenses, evolving political and legislative initiatives in gaming, extensive and increasing taxation of gaming revenues, changes in regulations of financial reporting, the availability of financing, potential impairment losses, marketability restrictions of the common stock, the possibility of a reverse-stock split, market competition by larger competitors, acts of terrorism and war, climate change, inclement weather, natural disasters, rising inflation, failure of risk management, effectiveness of internal controls, and other factors discussed in Item 1A of the company's Annual Report on Form 10-K and other filings the company makes with the SEC from time to time.