Boeing Commends Senate Action Supporting U.S. Exports to Russia

       Boeing Commends Senate Action Supporting U.S. Exports to Russia

PR Newswire

CHICAGO, Dec. 6, 2012

CHICAGO, Dec. 6, 2012 /PRNewswire/ --Boeing (NYSE: BA)today commended the
Senate for its approval of legislation previously enacted by the House that
establishes Permanent Normal Trade Relations (PNTR) with Russia.

"Today's action by the Senate sends long-sought legislation to the president's
desk that offers enormous opportunity for U.S. exports, economic growth and
jobs," Boeing Chairman, President and CEO Jim McNerney said. "We commend
Senators Reid and McConnell for bringing legislation already passed by the
House to the Senate floor, as well as Senators Baucus, Hatch, Kerry, Thune and
McCain for their longstanding support of Russia PNTR."

Russia is a nation rich in natural resources with a $1.9 trillion economy. In
2011 it imported more than $400 billion of goods and services. It is a growing
market that offers significant opportunity for workers in a broad range of
American industries – telecommunications, energy, agriculture, chemicals,
machinery, medical equipment and aerospace, to name just a few.

Boeing forecasts that Russian airlines will purchase some 900 commercial
airplanes over the next 20 years, a market valued at approximately $100

"We urge President Obama to sign this important legislation without delay,"
McNerney said. "Russia has made significant concessions to join the World
Trade Organization and the governments of 155 other nations have already
normalized trade relations with Russia. We must do the same to ensure that
American exporters and their employees have the same advantages as their
foreign competitors when doing business in Russia."

Tim Neale, 703 465 3220


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