The aerospace giant was already facing challenges following the grounding of its 737 Max fleet, and disruptions caused by the coronavirus will only exacerbate its fiscal woes.
Earlier this week, Boeing called for an injection of $60 billion for the commercial aerospace industry, with Trump signaling he is open to the idea.
As the virus spreads, defense contractors are trying to balance the health of their workers with protecting the bottom line and, ultimately, industry jobs, Fanning said.
Despite the “essential” designation for the industry, disruptions are bound to occur. And the Pentagon is working with the defense industry to ensure companies won’t be penalized for virus-related missed deadlines.
Earlier this week, Ellen Lord, the Pentagon’s acquisition chief, said she was holding daily conference calls with the Aerospace Industries Association, National Defense Industrial Association, Professional Services Council, National Association of Manufacturers, and Chamber of Commerce to discuss ways to work through the COVID-19 crisis.