WASHINGTON – Boeing (NYSE: BA) is donating $1 million to U.S. President-elect Donald Trump’s inauguration, a spokesperson for the U.S. planemaker said on Thursday.
Boeing is joining many major U.S. companies, including General Motors (NYSE: GM), Ford (NYSE: F), Microsoft (NASDAQ: MSFT), and Meta Platforms (NASDAQ: META), in donating to the January 20 event.
The planemaker previously donated $1 million to the last three presidential inaugurations, including Trump’s first in 2017.
American Airlines (NASDAQ: AAL) separately confirmed on Thursday it is also donating to the inauguration, but declined to say how much.
In 2016, Trump extracted a promise from Boeing that the cost of replacing Air Force One would not exceed $4 billion, and the company has since lost more than $2 billion on the significantly delayed program to deliver two new presidential aircraft.
Boeing (NYSE: BA) also faces continuing stricter oversight by the Federal Aviation Administration, a year after a door panel missing four key bolts flew off a new Alaska Airlines 737 MAX 9 in mid-air.
Last month, Trump’s nominee to head the Transportation Department, Sean Duffy, told Reuters he wanted to ensure that “we have safe planes coming out of Boeing.” In October, the FAA announced a new audit of Boeing. The Senate Commerce Committee will hold a confirmation hearing for Duffy on Wednesday.
