Boeing Statement Regarding U.S. Attorney Action in Sears Case

Nov 15, 2004, 00:00 ET from The Boeing Company

    CHICAGO, Nov. 15 /PRNewswire-FirstCall/ -- Boeing (NYSE:   BA) Senior Vice
 President and General Counsel Doug Bain issued the following statement today
 after the U.S. Attorney's office in Alexandria, Va. released details in its
 case against former Boeing executive Mike Sears:
     "Today's action brings this matter one step closer to closure. The Boeing
 Company will continue to provide any information requested in the ongoing
 review of Druyun-related procurements and to take appropriate action to
 finally resolve this matter.
     "We believe the Statement of Facts reinforces what we have said before --
 that no Boeing executive other than Mr. Sears engaged in any wrongdoing in
 connection with Ms. Druyun's hiring.  Boeing officials believed that Mr. Sears
 and Ms. Druyun were fully complying with all appropriate Boeing and DOD
 procedures in his recruitment efforts.
     "One year ago, Boeing dismissed Mr. Sears and Ms. Druyun because an
 internal investigation concluded they had violated Boeing hiring policies and
 ethical standards. Boeing immediately brought the matter to the attention of
 the appropriate authorities and cooperated with them throughout the
 investigative process.
     "In addition to dismissing Mr. Sears and Ms. Druyun last year, the company
 commissioned an independent external review of its hiring practices, which
 determined that Boeing had in place well established policies and procedures.
 Nevertheless, the Company has adopted recommendations from that review and
 strengthened its policies in this area, including establishing an Office of
 Internal Governance reporting directly to the CEO.
     "Today, every employee of The Boeing Company - at every level -
 understands that integrity and ethics are the foundation of our business, and
 we have both the will and the process to ensure accountability for any

SOURCE The Boeing Company