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  • 37
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    NEWS | Congress
    #coronavirus

    Boeing Welcomes Congress CARES Act


    U.S. Secretary of Treasury Mnuchin and the Senate worked together to take swift bipartisan action by passing the CARES Act, the largest economic relief package in history for Americans businesses that have been adversely impacted by the Coronavirus outbreak

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    Boeing Welcomes Congress CARES Act


    Boeing, March 28, 2020 - WASHINGTON, DC — We thank the Administration, especially the President and Secretary Mnuchin, as well as the Senate for working together to take swift bipartisan action to support the American economy, including the 2.5 million jobs and 17,000 suppliers that Boeing, the aerospace industry and the U.S. rely on to maintain our world leadership in commercial, defense and services.

    The bill’s access to public and private liquidity, including loans and loan guarantees, is critical for airlines, airports, suppliers, and manufacturers to bridge to recovery.

    Boeing’s top priority is to protect our workforce and support our extensive supply chain, and the CARES Act will help provide adequate measures to help address the pandemic. We have also taken a number of measures for affordability and liquidity as we navigate the challenges our industry currently faces, including forgoing pay for our CEO and board chairman, suspending our dividend until further notice, and extending our existing pause of any share repurchasing until further notice.

    We appreciate the House taking swift action to support the American people.

    About Boeing: Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support. As America’s biggest manufacturing exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries.

    Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.

    With corporate offices in Chicago, Boeing employs more than 153,000 people across the United States and in more than 65 countries. This represents one of the most diverse, talented and innovative workforces anywhere.


    Among many products, Boeing builds the Apache and Chinook helicopters



    This article is listed in :
    List of Coronavirus outbreak
    Congress
    Boeing Helicopters

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