NEW YORK (Standard&Poor's) April 11, 2003--Boeing Co. announced that it will recognize a $1.2 billion ($994 million after-tax) noncash charge. Standard&Poor's Ratings Services said today that its long-term ratings on Boeing Co. and Boeing Capital Corp., including the 'A+' long-term corporate credit rating, remain on CreditWatch with negative implications, where they were placed on March 18, 2003. Some $931 million of the charge relates to the impairment of goodwill attributable to companies acquired within the commercial airplanes and launch and orbital systems segments. The remaining $251 million is to strengthen customer financing reserves and revalue certain customer financing assets, mostly at Boeing Capital. The charges reflect lower asset valuations amid further weakness in the airline, commercial
