Boeing Temporarily Halts Puget Sound Production Amid Covid-19 Spread

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Investing.com – Aircraft maker Boeing said Monday it will temporarily suspend production at its Puget Sound area facilities in the wake of the state of emergency in Washington state amid the accelerating spread of the Covid-19 virus in the region.

Boeing (NYSE:BA) shares were halted ahead of the news, up 4%.

Suspension of operations is expected by Wednesday and will last 14 days, the company said in a press release. The shutting of operations would allow the company to conduct additional deep cleaning activities at impacted sites and establishing rigorous criteria for return to work, it added.

“This necessary step protects our employees and the communities where they work and live,” Boeing President and CEO Dave Calhoun said. “We continue to work closely with public health officials, and we’re in contact with our customers, suppliers and other stakeholders who are affected by this temporary suspension.”

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