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Boeing's philanthropic arm has donated $1M to the American Institute of Aeronautics and Astronautics Foundation to support an educational fund aimed at involving more women and minority students in science and engineering learning.
Boeing expects its corporate giving efforts to reach more than $230M in 2018. The investment includes $55M in new charitable grants as well as donations from business units and employees, the company said Monday. The $55M grants package includes $13M for veterans’ recovery and workforce transition initiatives and a $1.1M investment to support the National Archives Foundation’s […] More
Boeing CEO Dennis Muilenburg told FOX Business in an interview aired Tuesday that he believes U.S. spending on defense will remain robust amid calls for reduced budget and concerns over increasing federal deficit. “We see the defense budget here in the U.S. being sustained,†he told Maria Bartiromo of the channel’s “Mornings with Maria.†“If you look […] More
Boeing CEO Dennis Muilenburg has said the company is coordinating with the U.S. Air Force to secure the final delivery requirements for the KC-46 Pegasus aircraft, Defense News reported Saturday. Muilenburg said during a third-quarter earnings call that Boeing continuously works toward the final certification of the refueling and transport tanker to meet its delivery […] More
President Donald Trump has said the U.S. must continue to invest and build up the military in order to maintain the country’s competitive edge against potential adversaries. “We’ve secured record funding for the armed forces,†he said Friday during the Defense Roundtable at Luke Air Force Base in Arizona. “The funds will support new fighter […] More
Boeing and its clients will present the company’s current and future products and services at an international airshow to be held from July 16 to 22 in the U.K. The company said Monday its participation in the 2018 Farnborough International Airshow will include flight and static displays of its commercial and defense products and services, […] More
Boeing has committed to invest an additional $300 million in employee-related and charitable initiatives following the passage of a tax reform bill by Congress. Chicago-based Boeing said Thursday it will allocate $100 million to charity work in support of education, communities, veterans and military personnel. The aerospace and defense company also plans to spend $100 million on […] More
Boeing has joined the push for the White House tax reform plan, which includes a sweeping overhaul of the U.S. corporate tax system that would simplify the tax code to three income brackets and reduce itemized deductions. Although the plan released by the White House did not include details of a controversial “Border Adjustment Tax,” Boeing CEO […] More
Boeing has unveiled a new venture capital arm that will work to invest in new aerospace technologies, manufacturing techniques and business models in efforts to facilitate innovation, expansion and disruptive market opportunities. The company said Wednesday Steve Nordlund, vice president of strategy for the defense, space and security business, will take the role of VP at Boeing HorizonX. […] More
Dennis Muilenburg, chairman, president and CEO of Boeing, has said the company aims to work with the incoming administration to ensure that the production cost for the next pair of presidential aircraft will not exceed $4 billion, The Hill newspaper reported Wednesday. Jessie Hillman writes Muilenberg made the remarks after he met with President-elect Donald Trump at the latter’s Mar-a-Lago […] More