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Thursday, May 23, 2013 | 3:38 a.m.

Updated: 9:55 a.m. Friday, June 30, 2006 | Posted: 9:40 a.m. Friday, June 30, 2006

Closing Stock Price Friday Determines Boeing Bonus



SEATTLE —

Boeing stock is down more then 1 percent in Friday morning's trading. The stock is being closely watched because the closing price will determine the value of incentive bonuses.

Bonuses could be more than $5,000 for each of it’s 191,000 employees worldwide.

Boeing has 63,000 workers in the Puget Sound area.

Forecasters said the stock may be going down today because the airplane maker said Thursday it will take a $1.1 billion charge against earnings because of the cost of an ethics settlement with the Justice Department and delays on airborne warning and control planes for Australia and Turkey.

The company set up the stock bonus program in 1996 to reward workers when the stock goes up.

Spokesman Todd Blecher said employees can expect to receive their bonus checks in the mail in early August.

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