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People have to realize that not having an Ex-Im Bank has a direct impact on U.S. jobs. Not only that, it has a direct impact on long-term competitiveness in a global world.
President Trump has had business leaders at the table. He's listening; he's engaging and making decisions that will help us grow the economy and, ultimately, U.S. manufacturing jobs.
The opportunity ahead of us in terms of transforming how we design and build, how we manufacture, is even greater than some of the product innovation that we're going to bring to the table.
When you think about our 13,000 small and medium businesses in America that are part of our supply chain, and that's more than 1.5 million manufacturing jobs. So it's a significant job generator.
Boeing has won in the marketplace for 100 years because of innovation, and we need to continue to invest in innovation for the future. And our cash generation strength is what allows us to do that.
Unmanned airplanes - and more broadly, autonomy in space, in the air, undersea - is a big future area for Boeing and an area where we are continuing to build out collaborations. So we are always looking for partners in that arena.
If the U.S. doesn't have an export credit agency, which is what the Export-Import Bank is, then we can't compete with other countries that do. Every other country in the world that competes in aerospace has an export credit agency.
Standing up Global Services will accelerate our capabilities across all Boeing services and support areas - from our traditional parts, modifications, and upgrades business to strengthening our data analytics and information-based offerings.
Our first use of cash is invested organically, secondly returning values our shareholders - roughly 100 percent free cash flow. And then thirdly, mergers, acquisitions, partnerships that complement our organic strategy. We are going to continue down that path.
By harnessing our teammates' unique skills and passion for giving, our professional networks and partnerships, and our financial resources, we will inspire the dreamers and doers of tomorrow and drive positive, lasting change in our communities across the globe.
I know things like a 20% corporate tax rate will allow us to be more competitive in the global marketplace. That's what our competitors enjoy today around the world. And when we're more competitive, we win in the marketplace, and that allows us to invest and grow for the future.
We need to stay on the leading edge of technology, that technology in our products, in our internal process and manufacturing. But most importantly, we need the talent. It's multidisciplinary talent. It's talent that knows how to operate globally, that has technology savvy and a business savvy.
First thing we're going to do with the benefits of tax reform is we're going to invest in innovation. We're going to invest in capital, new product lines. It's going to create more manufacturing jobs and our shareholders are going to benefit, too. We're going to improve dividends, share repurchase.
I think the work on tax reform, the work that's being done on regulatory reform is very important. And just having a seat at the table, I think, is so important for business today as we think about what's going to benefit the economy of this country, how we're going to create great manufacturing jobs.
As you begin to create more destinations, that will naturally create a stronger economic pipeline for space. And just as we have been the leader of commercial air travel for the first century, as we look to the second century of aviation, I would expect Boeing to be the leader in both air and space travel.
As we continue to drive the benefits of integrating our enterprise skills, capabilities, and experience - what we call operating as 'One Boeing' - we will find new and better ways to engage and inspire employees, deliver innovation that drives customer success, and produce results to fuel future growth and prosperity for all our stakeholders.
Ambassador Kennedy brings to the Boeing board professional, diplomatic, and global perspectives that are highly valued in our rapidly evolving and increasingly competitive global business environment. Her diversity of experience and accompanying insights will broaden and strengthen our board in its deliberative and oversight roles for the company.