We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

WTO Says Boeing Got $5B In US Subsidies

Law360 (March 31, 2011, 2:07 PM EDT) -- The World Trade Organization said Thursday that Boeing Co. had received $5.3 billion in subsidies from U.S. and local governments since 1989, a ruling that both Boeing and European rival Airbus SAS claimed as a victory.

The 814-page WTO report recommended that the U.S. withdraw about $2.7 billion in subsidies that harmed Airbus, including payments from NASA and the U.S. Department of Defense.

The complaint by the European Union alleged that Boeing received a total of $19.1 billion in illegal government subsidies in the U.S. between...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.