Boeing to Invest $300M in Workforce Devt, Charitable Initiatives; Dennis Muilenburg Comments

Dennis Muilenburg

Boeing has committed to invest an additional $300 million in employee-related and charitable initiatives following the passage of a tax reform bill by Congress.

Chicago-based Boeing said Thursday it will allocate $100 million to charity work in support of education, communities, veterans and military personnel.

The aerospace and defense company also plans to spend $100 million on employee training, education and other workforce development activities as well as another $100 million on workplace infrastructure upgrades.

Dennis Muilenburg, chairman, president and CEO of Boeing, said the company lauds Congress’ approval of the new tax law and that the new legislation will boost Boeing’s capacity to compete globally.

The new tax bill, which awaits President Donald Trump’s signature, would reduce corporate tax rate from 35 percent to 21 percent.

You may also be interested in...

Ed Sheehan President

CTC to Continue Supporting USAF Facilities Under New Contract Modification; Ed Sheehan Quoted

Concurrent Technologies Corp. has secured a contract modification to help the U.S. Air Force manage facilities and corresponding utility systems. The company said Tuesday it will continue to deliver subject matter expertise and program management services for USAF facilities under an existing five-year, $21 million contract.

RFCM test Navy

Navy Tests Airworthiness of BAE-Made RF Countermeasure Tech for P-8A Aircraft

The U.S. Navy has demonstrated the airworthiness of a BAE Systems-made prototype of a technology meant to provide the P-8A Poseidon aircraft with radio frequency defense. The pod-mounted radiofrequency countermeasure passed its airworthiness test while installed on the P-8A platform operated by Air Test and Evaluation Squadron or VX 20, Naval Air Systems Command said Friday.

Mk 18 Mod 2 UUV

Huntington Ingalls Subsidiary Books Potential $75M Navy UUV Payload Modernization IDIQ

A Huntington Ingalls Industries business unit has received a potential five-year, $74.7 million contract to help update payload for the U.S. Navy’s Mk 18 Mod 2 Kingfish unmanned underwater vehicles. HII’s Hydroid subsidiary will provide Increment II hardware for the Mk 18 Mod 2 UUV as part of the indefinite-delivery/indefinite-quantity award, the Department of Defense said Tuesday.