Thursday, March 31, 2011

WTO rules US aid to Boeing is illegal - Yahoo! Finance

Boeing received illegal subsidies such as grants and free use of technology, from NASA, the Department of Defense, and the states of Illinois, Kansas and Washington.

$2.6 billion in NASA aid, $112 million from the Defense Department and $16 million in tax breaks from Washington state and the city of Everett, Wash., violated international trade rule

Boeing acknowledged it got $2.6 billion of illegal U.S. funding, but said that pales in comparison to $20 billion of "illegal Airbus subsidies."

e release of the ruling Thursday is the latest development in a six-year contest and will likely next go to a WTO appeals panel.

WTO rules US aid to Boeing is illegal - Yahoo! Finance

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