EXHIBIT 10.1

EXECUTION COPY

AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT

Dated as of November 22, 2002

THE BOEING COMPANY, a Delaware corporation ("TBC" or the
"Company"), the banks, financial institutions and other institutional lenders (collectively, the "Initial
Lenders") party hereto, SALOMON SMITH BARNEY INC., and JPMORGAN SECURITIES INC., as joint lead arrangers and joint book managers, JPMORGAN CHASE BANK, as syndication agent, and
CITIBANK, N.A., as administrative agent for the Lenders (in such capacity, the "Agent"), hereby agree as follows:

PRELIMINARY STATEMENTS

(1)  The
Company is party to a 364-Day Credit Agreement dated as of November 23, 2001 (as amended, supplemented or otherwise modified from time to time to (but not including)
the date of this Amendment and Restatement, the "Existing Credit Agreement") with the banks, financial institutions and other institutional lenders
party thereto and Citibank, N.A., as Agent for the Lenders and such other lenders. Capitalized terms not otherwise defined in this Amendment and Restatement shall have the same meanings as specified
in the Existing Credit Agreement.

(2)  The
parties to this Amendment and Restatement desire to amend the Existing Credit Agreement as set forth herein and to restate the Existing Credit Agreement in its
entirety to read as set forth in the Existing Credit Agreement with the following amendments.

(3)  The
Company has requested that the Lenders agree to extend credit to it from time to time in an aggregate principal amount of up to $3,000,000,000 for general corporate
purposes of the Company and its Subsidiaries not otherwise prohibited under the terms of this Amendment and Restatement. The Lenders have indicated their willingness to agree to extend credit to the
Company from time to time in such amount on the terms and conditions of this Amendment and Restatement.

SECTION
1.Amendments to the Existing Credit Agreement.The Existing Credit Agreement is, effective as of the
date of this Amendment and Restatement and subject to the satisfaction of the conditions precedent set forth in Section 2, hereby amended as follows:



Level

Public Debt Rating: S&P and Moody's

Applicable
Margin Through
the Termination
Date

Applicable
Margin After the
Termination
DateLevel I

A+ by S&P or A1 by Moody's or above

0.100
%
0.500
%Level II

less than Level I
but at least A by S&P or A2 by Moody's

0.240
%
0.650
%Level III

less than Level II
but at least A- by S&P or A3 by Moody's

0.280
%
0.750
%Level IV

less than Level III
but at least BBB+ by S&P or Baa1 by Moody's

0.350
%
1.000
%Level V

less than Level IV

0.475
%
1.375
%


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Level

Public Debt Rating: S&P and Moody's

Applicable PercentageLevel I

A+ by S&P or A1 by Moody's or above

0.050
%Level II

less than Level I
but at least A by S&P or A2 by Moody's

0.060
%Level III

less than Level II
but at least A- by S&P or A3 by Moody's

0.070
%Level IV

less than Level III
but at least BBB+ by S&P or Baa1 by Moody's

0.100
%Level V

less than Level IV

0.125
%




SECTION
2.Conditions of Effectiveness of this Amendment and Restatement.This Amendment and Restatement shall
become effective as of the date first above written (the "Restatement Effective Date") when and only if:



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SECTION
3.Reference to and Effect on the Existing Credit Agreement and the Notes.(a) On and after the
effectiveness of this Amendment and Restatement, each reference in the Existing Credit Agreement to "this Agreement", "hereunder", "hereof" or words of like import referring to the Existing Credit
Agreement, and each reference in the Notes to "the Credit Agreement", "thereunder", "thereof" or words of like import referring to the Existing Credit Agreement, shall mean and be a reference to the
Existing Credit Agreement, as amended by this Amendment and Restatement.

(b)  The
Existing Credit Agreement and the Notes, as specifically amended by this Amendment and Restatement, are and shall continue to be in full force and effect and are
hereby in all respects ratified and confirmed.

(c)  Without
limiting any of the other provisions of the Existing Credit Agreement, as amended by this Amendment and Restatement, any references in the Existing Credit
Agreement to the phrases "on the date hereof", "on the date of this Agreement" or words of similar import shall mean and be a reference to the date of the Existing Credit Agreement (which is November
23, 2001).

SECTION
4.Costs and Expenses.The Company agrees to pay on demand all reasonable out-of-pocket costs and
expenses of the Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment and Restatement, the Notes and the other documents to be
delivered hereunder (including, without limitation, the reasonable and documented fees and expenses of counsel for the Agent with respect hereto and thereto) in accordance with the terms of Section
8.3 of the Existing Credit Agreement.

SECTION
5.Execution in Counterparts.This Amendment and Restatement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the
same agreement. Delivery of an executed counterpart of a signature page to this Amendment and Restatement by telecopier shall be effective as delivery of a manually executed counterpart of this
Amendment and Restatement.

SECTION
6.Governing Law.This Amendment and Restatement shall be governed by, and construed in accordance with,
the laws of the State of New York.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment and Restatement to be executed by their respective officers thereunto
duly authorized, as of the date first above written.

| |  |                      |  | THE BOEING COMPANY                       
| |  | -------------------- |  | -----------------------------------------
| |  |                      |  | By                                       
| |  |                      |  |                                          
| |  |                      |  |                                          
| |  |                      |  | CITIBANK, N.A., Individually and as Agent
| |  |                      |  | By                                       
| |  |                      |  |                                          
| |  |                      |  |                                          
| |  |                      |  |                                          
| |  | Syndication Agent   
| |  |                      |  | JPMORGAN CHASE BANK                      
| |  |                      |  | By                                       
| |  |                      |  |                                          
| |  |                      |  |                                          
| |  |                      |  |                                          
| |  | Documentation Agents
| |  |                      |  | BANK OF AMERICA, N.A.                    
| |  |                      |  | By                                       
| |  |                      |  |                                          
| |  |                      |  |                                          
| |  |                      |  |                                          
| |  |                      |  | BANK ONE, NA                             
| |  |                      |  | By                                       
| |  |                      |  |                                          
| |  |                      |  |                                          
| |  |                      |  |                                          

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| |  | Senior Managing Agents
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| |  |         |  | THE ROYAL BANK OF SCOTLAND PLC 
| |  | ------- |  | -------------------------------
| |  |         |  | By                             
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  | CREDIT LYONNAIS NEW YORK BRANCH
| |  |         |  | By                             
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  | UBS AG, STAMFORD BRANCH        
| |  |         |  | By                             
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  | By                             
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  |                                
| |  | Lenders
| |  |         |  | MIZUHO CORPORATE BANK, LTD.    
| |  |         |  | By                             
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  | THE BANK OF NEW YORK           
| |  |         |  | By                             
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  | KEYBANK NATIONAL ASSOCIATION   
| |  |         |  | By                             
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  | LLOYDS TSB BANK PLC            
| |  |         |  | By                             
| |  |         |  |                                
| |  |         |  |                                
| |  |         |  |                                

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| |  |  |  | SOCIETE GENERALE               
| |  |  |  | -------------------------------
| |  |  |  | By                             
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  | ABN AMRO BANK, N.V.            
| |  |  |  | By                             
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  | STANDARD CHARTERED BANK        
| |  |  |  | By                             
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  | By                             
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  | PNC BANK, NATIONAL ASSOCIATION 
| |  |  |  | By                             
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  | ROYAL BANK OF CANADA           
| |  |  |  | By                             
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  | THE NORTHERN TRUST COMPANY     
| |  |  |  | By                             
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  | DEUTSCHE VERKEHRSBANK AG       
| |  |  |  | By                             
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  | BANCO BILBAO VIZCAYA ARGENTARIA
| |  |  |  | By                             
| |  |  |  |                                
| |  |  |  |                                
| |  |  |  |                                

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| |  |  |  | U.S. BANK NATIONAL ASSOCIATION                 
| |  |  |  | -----------------------------------------------
| |  |  |  | By                                             
| |  |  |  |                                                
| |  |  |  |                                                
| |  |  |  |                                                
| |  |  |  | WESTPAC BANKING CORP.                          
| |  |  |  | By                                             
| |  |  |  |                                                
| |  |  |  |                                                
| |  |  |  |                                                
| |  |  |  | AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
| |  |  |  | By                                             
| |  |  |  |                                                
| |  |  |  |                                                
| |  |  |  |                                                
| |  |  |  | RIYAD BANK, HOUSTON AGENCY                     
| |  |  |  | By                                             
| |  |  |  |                                                
| |  |  |  |                                                
| |  |  |  |                                                

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SCHEDULE I
APPLICABLE LENDING OFFICES

|Name of Initial Lender                          |  | Commitment |             | Domestic Lending Office |                                                                                                                    | Eurodollar Lending Office
|----------------------------------------------- |  | ---------- | ----------- | ----------------------- | ------------------------------------------------------------------------------------------------------------------ | -------------------------
|ABN Amro Bank, N.V.                             |  | $          | 50,000,000  |                         | 208 South LaSalle
Suite 1500
Chicago, IL 60604
Attn: Dominic Blea
T: 312 992-5176
F: 312 992-5111                  |                          
|Australia and New Zealand Banking Group Limited |  | $          | 23,800,000  |                         | 1177 Avenue of the Americas
6th Floor
New York, NY 10036
Attn: Peter Gray
T: 212 801-9739
F: 212 556-4839          |                          
|Banco Bilbao Vizcaya Argerntaria                |  | $          | 25,000,000  |                         | 1345 Avenue of the Americas
45th Floor
New York, NY 10105
Attn: Santiago Hernandez
T: 212 728-1677
F: 212 333-2904 |                          
|Bank One, NA                                    |  | $          | 175,000,000 |                         | One Bank One Plaza
Chicago, IL 60670
Attn: Jamie Leung
T: 312 732-1707
F: 312 732-3537                             |                          
|Bank of America, N.A.                           |  | $          | 221,200,000 |                         | 1850 Gateway Blvd.
CA4-707-05-11
Concord, CA 94520
Attn: Vilma Tang
T: 925 675-7336
F: 925 969-2865                |                          
|The Bank of New York                            |  | $          | 50,000,000  |                         | One Wall Street, 22nd Floor
New York, NY 10005
Attn: Dawn Hertling
T: 212 635-6742
F: 212 635-6399                 |                          
|The Bank of Tokyo-Mitsubishi, Ltd.              |  | $          | 100,000,000 |                         | 1201 3rd Avenue
Suite 1100
Seattle, WA 98101
Attn: Kosuke Takahashi
T: 206 382-6049
F: 206 382-6067                |                          

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|Barclays Bank PLC                                   |  | $ | 100,000,000 |  | 222 Broadway-11th Floor
New York, NY 10038
Attn: Chimatra Michael
T: 212 412-3161
F: 212 412-5306                              |  | 222 Broadway-11th Floor
New York, NY 10038
Attn: Chimatra Michael
T: 212 412-3161
F: 212 412-5306                             
|--------------------------------------------------- |  | - | ----------- |  | ------------------------------------------------------------------------------------------------------------------------------ |  | ------------------------------------------------------------------------------------------------------------------------------
|Bayerische Landesbank Girozantrale, New York Branch |  | $ | 100,000,000 |  | 560 Lexington Avenue
New York, NY 10022
Attn: James Fox
T: 212 310-9986
F: 212 310-9868                                        |  | 560 Lexington Avenue
New York, NY 10022
Attn: James Fox
T: 212 310-9986
F: 212 310-9868                                       
|BNP Paribas                                         |  | $ | 100,000,000 |  | 209 South LaSalle Suite 500
Chicago, IL 60604
Attn: Catherine Lui
T: 312 977-2200
F: 312 977-1380                              |  | 209 South LaSalle Suite 500
Chicago, IL 60604
Attn: Catherine Lui
T: 312 977-2200
F: 312 977-1380                             
|Citibank, N.A.                                      |  | $ | 260,000,000 |  | 388 Greenwich Street
New York, NY 10013
Attn: Philippa Portnoy
T: 212 559-5812
F: 212 793-1246                                 |  | 388 Greenwich Street
New York, NY 10013
Attn: Philippa Portnoy
T: 212 559-5812
F: 212 793-1246                                
|Credit Lyonnais New York Branch                     |  | $ | 100,000,000 |  | 1301 Avenue of the Americas
New York, NY 10019
Attn: Bertrand Cousin
T: 212 261-7363
F: 212 261-7368                           |  | 1301 Avenue of the Americas
New York, NY 10019
Attn: Bertrand Cousin
T: 212 261-7363
F: 212 261-7368                          
|Credit Suisse First Boston                          |  | $ | 150,000,000 |  | 11 Madison Avenue
New York, NY 10010
Attn: Robert Finney
T: 212 325-9038
F: 212 325-8319                                       |  | 11 Madison Avenue
New York, NY 10010
Attn: Robert Finney
T: 212 325-9038
F: 212 325-8319                                      
|Deutsche Bank AG New York Branch                    |  | $ | 125,000,000 |  | 40 Kingsbridge Road
Piscataway, NJ 08854
Attn: Nelson Lugaro
T: 732 981-7439
F: 732 981-7470                                   |  | 40 Kingsbridge Road
Piscataway, NJ 08854
Attn: Nelson Lugaro
T: 732 981-7439
F: 732 981-7470                                  
|Deutsche VerkehrsBank AG                            |  | $ | 25,000,000  |  | 609 Fifth Avenue
10th Floor
New York, NY 10017
Attn: Volker Fabian
T: 212 588-8864
F: 212 588-8936                             |  | 609 Fifth Avenue
10th Floor
New York, NY 10017
Attn: Volker Fabian
T: 212 588-8864
F: 212 588-8936                            
|Mizuho Corporate Bank, Ltd.                         |  | $ | 50,000,000  |  | Harborside Financial Center
1800 Plaza Ten, 16th Floor
Jersey City, NJ 07311
Attn: Nate Spivey
T: 201 626-9161
F: 201 626-9944 |  | Harborside Financial Center
1800 Plaza Ten, 16th Floor
Jersey City, NJ 07311
Attn: Nate Spivey
T: 201 626-9161
F: 201 626-9944

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|JPMorgan Chase Bank            |  | $ | 260,000,000 |  | 60 Wall Street
New York, NY 10260
Attn: Bob O'sieski
T: 212 648-0342
F: 212 648-5939                                                              |  | 60 Wall Street
New York, NY 10260
Attn: Bob O'sieski
T: 212 648-0342
F: 212 648-5939                                                             
|------------------------------ |  | - | ----------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------
|Keybank National Association   |  | $ | 50,000,000  |  | 127 Public Square
Cleveland, OH 44114
Attn: Diane Cox
T: 216 689-4450
F: 216 689-4981                                                             |  | 127 Public Square
Cleveland, OH 44114
Attn: Diane Cox
T: 216 689-4450
F: 216 689-4981                                                            
|Lloyds TSB Bank Plc            |  | $ | 50,000,000  |  | 1251 Avenue of the Americas
39th Floor
New York, NY 10020
Attn: Patricia Kilian
T: 212 930-8914
F: 212 930-5098                                   |  | 1251 Avenue of the Americas
39th Floor
New York, NY 10020
Attn: Patricia Kilian
T: 212 930-8914
F: 212 930-5098                                  
|Merrill Lynch Bank USA         |  | $ | 150,000,000 |  | 15 W. South Temple
Suite 300
Salt Lake City, UT 84101
Attn: Derek Befus
T: 801 526-8324
F: 801 531-7470                                           |  | 15 W. South Temple
Suite 300
Salt Lake City, UT 84101
Attn: Derek Befus
T: 801 526-8324
F: 801 531-7470                                          
|Morgan Stanley Bank            |  | $ | 150,000,000 |  | 750 Seventh Avenue-11th Floor
New York, NY 10020
Attn: Joseph DiTomaso
T: 212 762-2320
F: 212 762-0346                                            |  | 750 Seventh Avenue-11th Floor
New York, NY 10020
Attn: Joseph DiTomaso
T: 212 762-2320
F: 212 762-0346                                           
|The Northern Trust Company     |  | $ | 25,000,000  |  | 801 S. Canal Street
Chicago, IL 60607
Attn: Linda Honda
T: 312 444-3532
F: 312 630-1566                                                           |  | 801 S. Canal Street
Chicago, IL 60607
Attn: Linda Honda
T: 312 444-3532
F: 312 630-1566                                                          
|PNC Bank, National Association |  | $ | 25,000,000  |  | One PNC Plaza
249 Fifth Avenue, 2nd Floor
Mailstop P1-POPP-2-3
Pittsburgh, PA 15222
Attn: Philip K. Liebscher
T: (412) 762-3202
F: (412) 762-6484 |  | One PNC Plaza
249 Fifth Avenue, 2nd Floor
Mailstop P1-POPP-2-3
Pittsburgh, PA 15222
Attn: Philip K. Liebscher
T: (412) 762-3202
F: (412) 762-6484
|Riyad Bank, Houston Agency     |  | $ | 10,000,000  |  |                                                                                                                                                   |  |                                                                                                                                                  

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|Royal Bank of Canada                |                       | $ | 25,000,000  |               | Royal Bank of Canada Centre
71 Queen Victoria Street
London EC4V 4DE
Attn: Stephan Sayre
T: 44 207 653-4625
F: 44 207 329-0247                    |  | Royal Bank of Canada Centre
71 Queen Victoria Street
London EC4V 4DE
Attn: Stephan Sayre
T: 44 207 653-4625
F: 44 207 329-0247                   
|----------------------------------- | --------------------- | - | ----------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------
|Royal Bank of Scotland              |                       | $ | 100,000,000 |               | Waterhouse Square
138-142 Holborn
London England
EC1N 2TH
Attn: Andrew Waddington
T: 44 207 375-8504
F: 44 207 375-8282                           |  | Waterhouse Square
138-142 Holborn
London England
EC1N 2TH
Attn: Andrew Waddington
T: 44 207 375-8504
F: 44 207 375-8282                          
|Societe Generale                    |                       | $ | 50,000,000  |               | 2001 Ross Avenue
Dallas, TX 75201
Attn: Deborah McNealey
T: 214 979-2762
F: 214 754-0171                                                          |  | 2001 Ross Avenue
Dallas, TX 75201
Attn: Deborah McNealey
T: 214 979-2762
F: 214 754-0171                                                         
|Standard Chartered Bank             |                       | $ | 50,000,000  |               | One Evertrust Plaza
Jersey City, NJ 07302
Attn: Victoria Faltine
T: 201 633-3454
F: 201 536-04478                                                 |  | One Evertrust Plaza
Jersey City, NJ 07302
Attn: Victoria Faltine
T: 201 633-3454
F: 201 536-04478                                                
|Sumitomo Mitsui Banking Corporation |                       | $ | 100,000,000 |               | 777 South Figueroa
Suite 2600
Los Angeles, CA 90017
Attn: Miriam Delgado
T: 213 955-0883
F: 213 623-6832                                          |  | 777 South Figueroa
Suite 2600
Los Angeles, CA 90017
Attn: Miriam Delgado
T: 213 955-0883
F: 213 623-6832                                         
|UBS AG, Stamford Branch             |                       | $ | 100,000,000 |               | 677 Washington Blvd.
Stamford, Connecticut 06901
Attn: Marie Haddad
Banking Product Services
T: 203 719-5609
F: 203 719-3888                      |  | 677 Washington Blvd.
Stamford, Connecticut 06901
Attn: Marie Haddad
Banking Product Services
T: 203 719-5609
F: 203 719-3888                     
|U.S. Bank National Association      |                       | $ | 25,000,000  |               | 1420 Fifth Avenue, 11th Floor
Seattle, WA 98101
Attn: James Farmer
T: 206 587-5237
F: 206 344-3654                                                |  | 1420 Fifth Avenue, 11th Floor
Seattle, WA 98101
Attn: James Farmer
T: 206 587-5237
F: 206 344-3654                                               
|Wachovia Bank, National Association |                       | $ | 150,000,000 |               | 191 Peachtree Street NE
Atlanta, GA 30303
Attn: Joe Baschuite
T: 404 332-5178
F: 404 332-4136                                                     |  | 191 Peachtree Street NE
Atlanta, GA 30303
Attn: Joe Baschuite
T: 404 332-5178
F: 404 332-4136                                                    
|Westpac Banking Corp.               |                       | $ | 25,000,000  |               | GMO Nightshift Operations
255 Elizabeth Street, 3rd Floor
Sydney, Australia 2000
Attn: London Operations
T: 61 29 284-8241
F: 011 44 207 621-7608 |  | GMO Nightshift Operations
255 Elizabeth Street, 3rd Floor
Sydney, Australia 2000
Attn: London Operations
T: 61 29 284-8241
F: 011 44 207 621-7608
|                                    | Total of Commitments: |   | $           | 3,000,000,000 |                                                                                                                                                   |  |                                                                                                                                                  

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