Boeing approves Dividend Increase of 20%

Boeing's Board of Directors has approved a 20% increase in the company's quarterly dividend, to thirty (30) cents per share. The board last approved a dividend increase on December 13, 2004, from 20 to 25 cents per share.

"The company is paying a higher dividend to its shareholders because of continued strong operational performance and excellent cash generation," said Jim McNerney, chairman, president and chief executive officer of The Boeing Company.

He noted that the company is taking a balanced approach to cash deployment: investing in new technologies and products like the 787 Dreamliner that will deliver future growth; contributing to company pension plans; repaying debt; and sharing the company's success with its shareholders through an ongoing stock re-purchase plan, in addition to the higher dividend.

The latest dividend increase is payable March 3, 2006, to shareholders of record at the close of business on February 10, 2006.

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