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May 24, 2007
Boeing Joins Billion Dollar Roundtable
CHICAGO, May 24, 2007
-- Boeing [NYSE:BA] has become one of the newest
members of the Billion Dollar Roundtable, an organization that
brings together major corporations that make meaningful and measurable
contributions to the economic growth of woman-owned and minority-owned
companies. Don McKneely and Sharon Patterson, roundtable co-founders, formally
introduced Boeing as one of the newest member companies
at a reception last night in New York.
"As a
co-founder and host of the Billion Dollar Roundtable, I
applaud Boeing for its commitment to support diverse firms
and the communities where they operate," said McKneely, chairman
of the organization.
The roundtable was created in 2001 to
recognize and bring together corporations that achieved spending of
at least $1 billion annually with minority- and woman-owned
suppliers. The organization promotes and shares best practices in
supply chain diversity excellence, and encourages dialogue on common
issues, opportunities and strategies related to diverse business.
Boeing, which
spent more than $2 billion with minority- and woman-owned
businesses in 2006, was welcomed as part of the
roundtable's biannual induction of new member companies. The company
was selected following a rigorous application and review process,
including an independent third-party audit to verify its eligibility
for the roundtable.
Joan Robinson-Berry, Boeing director of Supplier
Diversity for its Integrated Defense Systems business, will represent
the aerospace company on the roundtable's board of directors.
"Boeing
has a long-standing commitment to small and diverse businesses,"
Robinson-Berry said. "We strive to find opportunities to utilize
the skills and technology of these companies, and for
more than 50 years we have maintained a formal
supplier diversity program.
"I am thrilled to have the chance
to share through the roundtable the creative ways Boeing
has sought and found opportunities for small and diverse
businesses over the years," Robinson-Berry continued. "I also look
forward to the chance to learn from other roundtable
members, because working with a vibrant small and diverse
supplier community is good for our customers, good for
the economy and good for Boeing."
Boeing joins on the
roundtable outstanding corporations in the telecommunications, automotive, aerospace, consumer
goods, and retail industries. The combined Billion Dollar Roundtable
membership celebrated collective purchases of more than $24 billion
in products and services from minority- and woman-owned suppliers
in 2006.
"Boeing recognizes that diversity brings strength, innovation and
flexibility to our supply base," said John Tracy, Boeing
senior vice president of Engineering, Operations and Technology, whose
responsibilities include companywide oversight of the Supplier Management function.
"Tapping the skills and technologies of small, minority- and
woman-owned businesses has played a vital role in helping
us maintain our position as a global leader in
aerospace--and will continue to do so."
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