Boeing Statement on Passage of CARES Act

WASHINGTON, D.C. – WEBWIRE

We thank the Administration, especially the President and Secretary Mnuchin, as perfectly as the Senate for performing jointly to get swift bipartisan motion to assistance the American overall economy, like the two.five million work and 17,000 suppliers that Boeing, the aerospace marketplace and the U.S. count on to keep our earth leadership in industrial, protection and services. The bill’s entry to general public and non-public liquidity, like loans and personal loan assures, is significant for airways, airports, suppliers, and suppliers to bridge to restoration. 

Boeing’s major precedence is to safeguard our workforce and assistance our extensive offer chain, and the CARES Act will enable offer sufficient measures to enable address the pandemic. We have also taken a range of measures for affordability and liquidity as we navigate the troubles our marketplace at present faces, like forgoing pay out for our CEO and board chairman, suspending our dividend until eventually even more detect, and extending our present pause of any share repurchasing until eventually even more detect.

We enjoy the House taking swift motion to assistance the American individuals.

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