Shutdown could hurt business and aviation industry

Alex Flynn | Bloomberg | Getty Images

An American flag hangs near Boeing Co. F/A-18 Super Hornet fighter jets at the Boeing Defense, Space & Security facility in St. Louis, Missouri, July 24, 2018.

The U.S. government shutdown hasn’t had much of an impact on Boeing yet, but the world’s largest aircraft manufacturer is calling on Washington to reach a deal quickly before the impasse starts taking a toll on the industry.


While the partial government shutdown, which began nearly five weeks ago, does not impact the Pentagon, some defense firms hold contracts with agencies like NASA and the Department of Homeland Security — which are currently not funded.

Boeing, which is also the world’s second largest defense firm, bagged a significant number of Pentagon contracts in 2018.

In the month of September alone, Boeing was awarded more than 20 contracts with a cumulative value of $13.7 billion. The defense giant is scheduled to release its fourth quarter and fiscal 2018 financial results before the market opens Jan. 30.

Source link

Leave a Comment

'I should never have been charged' - former Tesco directorAsian shares edge up, ECB meeting in focus