EU: Boeing Received Illegal U.S. Subsidies

BRUSSELS (WBBM) — The World Trade Organization is investigating allegations that Chicago-based Boeing has received illegal subsidies.

As WBBM Newsradio 780’s Pat Cassidy reports, at issue is the long-running subsidy battle between Chicago-based Boeing and its European rival, Airbus.

LISTEN: Newsradio 780’s Pat Cassidy reports

The European Union says the World Trade Organization found the U.S. aid to Boeing violated international rules.

The EU claims Boeing received nearly $24 billion in subsidies, such as research grant and free use of technology, from the states of Illinois, Washington and Kansas, as well as NASA and the U.S. Department of Defense.

How much of the $24 billion was illegal won’t be clear for months.

  • JA

    No wonder Illinois has to raise the state income tax. We all have to pitch in to help a multi-billion dollar corporation pay its bills.

blog comments powered by Disqus
Daily Weather Reports Delivered To You!SIGN UP NOW: Get daily weather reports every morning from meteorologist Steve Baskerville!
CBS Sports Radio RoundupGet your latest sports talk from across the country.

Listen Live