Boeing Announces Actions to Navigate COVID-19 Crisis
March 20 2020 - 7:05PM
PR Newswire (US)
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
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SOURCE Boeing
Copyright 2020 PR Newswire
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