
What Boeing will not do, but investors would have liked, is move the dividend into 2012 to help owners avoid increases in the taxes on dividends, which might change if Congress and the White House set new rates.
Chairman, President and Chief Executive Officer Jim McNerney said:
Strong cash generation, consistently solid core operating performance and a positive growth outlook enable us to take these steps to deliver value for our shareholders. As returns accelerate on the investments we made in innovative new products, we plan to continue our balanced cash deployment strategy, increasing returns to shareholders, investing in our core businesses and our workforce, and maintaining a strong balance sheet with healthy credit ratings.
Douglas A. McIntyre