CHICAGO, March 20, 2020 /PRNewswire/ -- The Boeing Company (NYSE: BA) today announced several decisions to support the company as it navigates through the COVID-19 pandemic while ensuring the company is positioned for the industry's recovery. Decisions include:

  • CEO Dave Calhoun and Board Chairman Larry Kellner will forgo all pay until the end of the year. 
  • The company will suspend its dividend until further notice.
  • Boeing will extend its pause of any share repurchasing until further notice.  The company previously suspended its stock buyback program in April of 2019.

Boeing is drawing on all of its resources to sustain operations, support its workforce and customers, and maintain supply chain continuity through the COVID-19 crisis and for the long term.

Contact:
Boeing Communications
media@boeing.com

Cision View original content:http://www.prnewswire.com/news-releases/boeing-announces-actions-to-navigate-covid-19-crisis-301027762.html

SOURCE Boeing

Copyright 2020 PR Newswire

Boeing (NYSE:BA)
Historical Stock Chart
From May 2020 to Jun 2020 Click Here for more Boeing Charts.
Boeing (NYSE:BA)
Historical Stock Chart
From Jun 2019 to Jun 2020 Click Here for more Boeing Charts.