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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

EU SST

EU SST Wins T.S. Kelso Award for Flight Safety Contributions

Space Data Association has announced The European Union Space Surveillance and Tracking Partnership (EU SST) as the recipient of the T.S. Kelso Award in recognition of outstanding contributions to space flight safety. The EU SST Partnership relies on the SSA capabilities of 15 Member states of the European Union to provide space safety services, with the EU Agency for the Space Programme (EUSPA) acting as the Front Desk.

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