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Boeing Statement on Passage of CARES Act

WASHINGTON, D.C. – WEBWIRE – Thursday, March 26, 2020 We thank the Administration, especially the...


We thank the Administration, especially the President and Secretary Mnuchin, as properly as the Senate for performing alongside one another to choose swift bipartisan motion to support the American economic system, which includes the two.five million employment and seventeen,000 suppliers that Boeing, the aerospace business and the U.S. depend on to preserve our environment leadership in business, protection and services. The bill’s entry to public and private liquidity, which includes loans and financial loan ensures, is significant for airways, airports, suppliers, and producers to bridge to restoration. 

Boeing’s best precedence is to safeguard our workforce and support our substantial offer chain, and the CARES Act will support deliver satisfactory actions to support deal with the pandemic. We have also taken a range of actions for affordability and liquidity as we navigate the problems our business presently faces, which includes forgoing fork out for our CEO and board chairman, suspending our dividend until finally even more see, and extending our existing pause of any share repurchasing until finally even more see.

We recognize the Household using swift motion to support the American people.

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