As Boeing Hits Turbulence, Uncle Sam Flies to Its Aid

Publication: The Wall Street Journal

Author: Daniel Michaels


12/09/2009 - Airlines are struggling amid the global recession. Boeing Co., meanwhile, is churning out jetliners at its fastest clip in years.

Executives at the aerospace giant say their factories are so busy due in large part to one man: Bob Morin, a federal employee who stumps the globe to rally sales for America's biggest exporter. More than one in four airliners Boeing delivers this year will be funded thanks to Mr. Morin's efforts.

...

While industry has applauded the effort, some analysts say it has a downside: "Any time you find a new way to increase exposure, you increase the risk to taxpayers," says Marcus Peacock, director of Subsidyscope, a project of the Pew Charitable Trusts in Washington, D.C.

Read the full article As Boeing Hits Turbulence, Uncle Sam Flies to Its Aid on the The Wall Street Journal's Web site.

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