Boeing Statement on Contract Vote by SPEEA-represented Employees

       Boeing Statement on Contract Vote by SPEEA-represented Employees

PR Newswire

SEATTLE, Feb. 20, 2013

SEATTLE, Feb. 20, 2013 /PRNewswire/ -- Boeing [NYSE: BA] and its negotiations
team are pleased that professional engineers represented by the Society of
Professional Engineering Employees in Aerospace (SPEEA) approved their
contract tonight.

However, the company is deeply disappointed that technical employees rejected
the company's best-and-final offer and authorized a strike.

"Our goal throughout this entire process was to make sure SPEEA-represented
employees were rewarded for the contributions they bring to this company every
single day," said Ray Conner, president and CEO, Boeing Commercial Airplanes.
"We believe this offer leads the market in every way."

"The realities of the market require us to make changes so we can invest in
new products and keep winning in this competitive environment, which will
allow us to continue to provide a solid future for our team. That's why our
proposal to move future hires to an enhanced 401(k)-style retirement plan is
so important, as we have repeatedly emphasized over the course of these
negotiations," said Conner. "Now more than ever is the time to move forward
together."

Contact:
Doug Alder
Boeing Commercial Airplanes Media Relations
+1 206-660-2978
doug.alder-jr@boeing.com

SOURCE Boeing

Website: http://www.boeing.com
 
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