Lockheed Martin Details How It Plans To Respond to COVID-19

Boeing Statement on Passage of CARES Act

"Boeing's top priority is to protect our workforce and support our extensive supply chain, and the CARES Act will help provide adequate measures to help address the pandemic. We have also taken a number of measures for affordability and liquidity as we navigate the challenges our industry currently faces, including forgoing pay for our CEO and board chairman, suspending our dividend until further notice, and extending our existing pause of any share repurchasing until further notice."

Statement From Lockheed Martin Chairman, President And CEO Marillyn Hewson On COVID-19 Response

"At Lockheed Martin, we recognize that the rapid spread of COVID-19 and its wide-ranging impacts have caused severe disruption across society and tragic loss of life around the world. We also recognize that the global pandemic has created a need for urgent action by government, business, communities and citizens. In response to this crisis, our company will be guided by and operate with three clear priorities. First, we will continue to protect the health and safety of our men and women on the job and their families. Second, we will continue to perform and deliver for our customers because what they do for our national security, global communications, and infrastructure is critical to our nation and our allies. Third, we will do our part to use our know-how, resources, and leadership as a company to assist our communities and our country during this period of national crisis."

Keith's note: Boeing begs for $60 billion in tax dollars but won't say what they will do with the money or how they will help their employees while Lockheed Martin specifically talks about taking care of their people and others. Hmmm ... $60 billion for Being. Assuming 150,000 employees (give or take) that would be $400,000 per employee. That's enough to keep people employed for a year or two. Just sayin'

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This page contains a single entry by Keith Cowing published on March 27, 2020 4:17 PM.

Boeing Made Mistakes. Now They Want Your Money. was the previous entry in this blog.

UPDATE: Ten NASA Facilities Are Now At Stage 4 Due To COVID-19 is the next entry in this blog.

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