:

Business/Financial

Boeing Announces $300 Million In Investments Due To Tax Reform Bill

By Cal Biesecker

Wednesday, December 20th, 2017

SHARE:

Boeing Announces $300 Million In Investments Due To Tax Reform Bill

Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Following congressional approval on Wednesday of a contentious federal tax reform bill that will see the corporate tax rate plummet to 21 percent from the current 35 percent rate, Boeing [BA] said it plans $300 million in incremental investments and charitable contributions as a result of the pending law.The company said the bill, which President Donald Trump supports and will soon sign, will lead innovation and investment in the U.S.“On behalf of all our stakeholders, we applaud and thank Congress…

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]