fb
ICT Spring - 2022

Boeing Announces Actions To Navigate COVID-19 Crisis

The Boeing Company 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.

This announcement was made on 20 March 2020.

Check Also

Space Café Radio – on tour in Lausanne – with Prof. Dr. Frank Schaefer

In this Space Café Radio -  SpaceWatch.Global publisher Torsten Kriening spoke with Prof. Dr. Frank Schaefer, Deputy director, head of business unit Space and head of system solutions department at Fraunhofer Ernst-Mach-Institute Freiburg/Germany, at the LEO Kinetic Space Safety Workshop in Lausanne about threats and risks in Low Earth Orbit and how to move forward to a sustainable future in space.