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Boeing Statement: Talks Adjourned Without Agreement

    SEATTLE, Oct. 13 /PRNewswire-FirstCall/ -- Boeing (NYSE: BA) issued the
following statement after a second round of mediated talks with the
International Association of Machinists and Aerospace Workers adjourned
without an agreement:

    "In light of the current business environment and global market
challenges we face, we had hoped we could find a way to move forward. We
worked very hard to find solutions, and we are extremely disappointed that
the talks broke off," said Doug Kight, Boeing vice president of Human
Resources. "We want to resolve this strike so employees can return to work,
but we cannot sacrifice our ability to continuously improve productivity
and our long-term competitiveness for an agreement. Given current economic
conditions, it is now more important than ever that we retain the ability
to respond to a dynamic, uncertain environment."

    No new talks are currently scheduled. Approximately 27,000 employees in
Washington, Oregon and Kansas have been on strike since Sept. 6.



SOURCE Boeing




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