In a surprising turnabout, Boeing announced today that it will forgo nearly $9 billion in taxpayer incentives to build the 777X in Washington state and instead donate that amount for education, research, transit, parks, libraries and social services in the Puget Sound region. “It’s the right thing to do,” Boeing Chief Executive James McNerney said at a press conference with Seattle City Councilmember Kshama Sawant. “We have record profits. Our stock price is at a record high. It’s a privilege to do business in a region with the world’s top aerospace cluster.
Posted on: Tue, 01 Apr 2014 20:29:02 +0000
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