It also supports our plan for making continued quality and productivity improvements, which is the key to being competitive and winning new business.

The total cost to Boeing is similar to the previous contract offer and meets our definition of a reasonable settlement.

Who's got the power? We've got the power. Union power.

Orders will be only 30 to 40 percent of last year's (level), and we see them leveling out next year but are cautiously optimistic that they will come back in 2001,

We think it reflects a very fair and very competitive contract offer going forward.

We profoundly regret that these actions will impact the lives of so many of our highly valued employees. However it is critical that we take these necessary steps now to size the Commercial Airplanes business to support the difficult and uncertain environment faced by our airline customers.