Boeing: Boeing Appoints 2 to Senior Positions

Boeing Appoints 2 to Senior Positions

EL SEGUNDO Calif., Nov. 16, 2000 -- Boeing Satellite Systems, Inc. (BSS), the world's largest manufacturer of commercial communications satellites, has appointed two people to top management positions. BSS is a unit of The Boeing Company (NYSE: BA). Chris Stephens Jr. has been named Vice President and Chief Financial Officer for BSS. Dr. William Ballhaus is now General Manager of Boeing Electron Dynamic Devices, Inc. (EDD), the world's leading provider of integrated high-power microwave amplifiers.

Mr. Stephens is responsible for all financial management activities of BSS and its Electron Dynamic Devices and Spectrolab companies. Since joining BSS in 1999, he was the Vice President of Finance-Operations responsible for financial support to the operating units, including supply chain management. Prior to BSS, he was the Director of Finance for AlliedSignal's $3 Billion Aerospace Equipment Systems business located in Torrance, Calif. Mr. Stephens also held various management positions at the corporate and business unit levels at Ingersoll-Rand Co.

Stephens received a bachelor of science in accounting from Kings College and a master in business administration in corporate finance from Virginia Tech. Additionally, he is a Certified Public Accountant.

Dr. Ballhaus is responsible for leading EDD as a strategic core business for BSS. He has more than 11 years of experience in the aerospace industry, including seven years at BSS. Most recently he was Director of Integrated Satellite Factory Operations, where he was responsible for overall product delivery performance for the world's largest satellite manufacturing operation.

Ballhaus received his bachelor of science degree in mechanical engineering from U.C. Davis, master of science and PhD degrees in Aeronautics and Astronautics from Stanford University and a master in business administration from the Anderson Graduate School of Management at UCLA. He has one patent in the area of advanced payload switching architectures.

BSS is the world's leading manufacturer of commercial communications satellites and a major provider of space systems, satellites, and payloads for national defense, science and environmental applications. The company was formed in October 2000 when Boeing acquired the Hughes Electronics satellite manufacturing companies, which included Hughes Space and Communications Company, Hughes Electron Dynamics, Spectrolab, Inc., and Hughes Electronics' 50 percent share of HRL Laboratories.

The Boeing Company, headquartered in Seattle, is the largest aerospace company in the world and the United States' leading exporter. It is the world's largest manufacturer of commercial jetliners and military aircraft, and the largest NASA contractor. The company's capabilities in aerospace also include rotorcraft, electronic and defense systems, missiles, rocket engines, launch vehicles, and advanced information and communication systems. The company has an extensive global reach with customers in 145 countries and manufacturing operations throughout the United States, Canada and Australia. At year-end 1999, Boeing and its subsidiaries employed 197,100 people.

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BOEING SATELLITE SYSTEMS, INC.
Public Relations Department
P.O. Box 92919 (S10/S323)
Los Angeles, CA 90009
Public Relations (310) 364-6363
www.boeing.com/satellite

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