SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 2, 1999
THE BOEING COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-442 91-0425694
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation File Number) Identification Number)
or organization)
7755 East Marginal Way South, Seattle, Washington 98108
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (206) 655-2121
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Item 5. Other Events
On September 2, 1999, The Boeing Company (the "Company") reported that it will
take a special third quarter charge to earnings of $225 million pretax
associated with inventory on the F-15 program. This is in addition to a $45
million charge taken earlier this year for F-15 inventories.
The Company had procured long-lead items in anticipation of orders this year for
as many as 24 F-15s for international customers. Based on current market
analysis, recent international customer decisions, and actions pending in
Congress, the Company now believes that there is a limited near-term market for
this aircraft. The special charge to earnings referenced above reflects this
change in the market.
If the revised expected market for the F-15 program does not result in firm
orders, the Company will incur some additional charges associated with F-15
program inventory.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE BOEING COMPANY
By: /s/ James C. Johnson
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James C. Johnson
Vice President, Corporate Secretary
and Assistant General Counsel
Date: September 2, 1999
