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8-K - 8-K - BOEING CO | a202003mar208k.htm |
Exhibit 99.1
Boeing Announces Actions to Navigate COVID-19 Crisis
CHICAGO, March 20, 2020-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.
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Contact
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