Boeing Statement Regarding U.S. Attorney Action in Darleen Druyun Case

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Boeing Statement Regarding U.S. Attorney Action in Darleen Druyun Case

CHICAGO, April 20, 2004 -- Boeing [NYSE: BA] Senior Vice President and General Counsel Doug Bain issued the following statement today after the U.S. Attorney's office in Alexandria, Va. released the details of its agreement with former Boeing executive Darleen Druyun:

"Today's action by the U.S. Attorney's office is the result of Boeing voluntarily reporting unethical conduct to the U.S. Attorney and other government agencies last November. At that time, Boeing dismissed Ms. Druyun and another executive involved in her hiring after an internal company investigation revealed that they had violated ethical practices. Boeing immediately brought this matter to the attention of the U.S. Attorney, the Department of Defense Inspector General and the U.S. Air Force.

"It is important to note the charge announced today relates to conflict-of-interest in Ms. Druyun's hiring and is not related to Boeing business, its financial performance or the 767 Tanker program.

"Today's events represent another step toward concluding a very disappointing chapter in the company's 88-year history of serving our customers and operating with the highest integrity. They also remind us that rules of governance and ethical behavior apply to people at all levels of business, including senior leadership."

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