Boeing Warns This Could Happen if Government Shutdown Continues
800,000 workers have been affected by the government shutdown and the largest aircraft manufacturer in the world thinks the shutdown could affect the aviation industry.
Boeing has warned that a continued government shutdown may not only hurt its own business but the sector.
The company said to CNBC in an e-mailed statement: While the partial government shutdown has not had a material impact on Boeing to date, we are concerned about the short term effects on our friends, families and neighbors in the communities we operate in as well as the long term effects that may begin to weigh on our operational efficiency, pose other challenges for our business and the aviation sector in general. We urge the Administration and Congress to reach a solution to this funding impasse quickly to fully reopen the government and preserve U.S. economic growth.
Boeing is expected to report financial results next week.
Separately the company announced this week that its flying car prototype hovered briefly in the air during an inaugural test flight
“This is what revolution looks like, and it’s because of autonomy,” stated John Langford, president and chief executive officer of Boeing subsidiary Aurora Flight Sciences.
Disclaimer: We have no position in Boeing Co (NYSE: BA) and have not been compensated for this article.