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Boeing Taking Necessary Steps To Curb Fallout From The COVID-19

By John F. Heerdink, Jr.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems.

Reportedly, Boeing (NYSE: BA) will cancel CEO’s pay, suspend its dividend and extend a pause on share buybacks as companies are looking for government aid to meet fallout from the COVID-19 outbreak.

Boeing’s decision like similar other airlines are in an effort to win over taxpayer support for their requests for stimulus packages as air travel face major backlash due to falling air travel demand and a declining economy. Boeing is pursuing $60 billion in U.S. government aid.

The company stated, “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.” 

The company previously suspended its stock buyback program in April of 2019.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.





Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Boeing suspends dividend, CEO foregoes pay after coronavirus-related aid request in Reuters)


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