CONTACT: Zandra Wolfgram or Craig Falanga
Sandestin Golf and Beach Resort
(850) 267-8261 or (850) 267-6733
zandrawolfgram@sandestin.com
craigfalanga@sandestin.com

CHAMPIONS TOUR ANNOUNCES SANDESTIN GOLF AND
BEACH RESORT AS NEW HOME OF BOEING CHAMPIONSHIP

Destin, Fla. (Aug. 18, 2005)—The PGA Tour's Champions Tour, The Boeing Company and Sandestin Golf and Beach Resort are pleased to announce Raven Golf Club at Sandestin as the new home of The Boeing Championship at Sandestin. This official $1.6 million Champions Tour event, formerly known as the Blue Angels Classic, will be played the week of May 8-14, 2006.

The Boeing Company and Sandestin Golf and Beach Resort have partnered with the Champions Tour as both the new title sponsor and new host venue respectively for this tournament, to be held annually Mother's Day week in 2006, 2007 and 2008.

"We are excited about this new partnership between Boeing, Sandestin Golf and Beach Resort and the Champions Tour," said Champions Tour president Rick George. "This partnership will elevate the tournament to another level and Raven Golf Club at Sandestin will be a great test for our players and a terrific course for spectators. We welcome both Boeing and Sandestin Golf and Beach Resort into the Champions Tour family."

The Boeing Championship at Sandestin was held for the past 11 years at The Moors Golf Club in Milton, Florida and raised over $2 million for a variety of charities in northwest Florida. Jim Thorpe is the defending champion of the event.

"The Champions Tour would like to thank Jimmy Lee III and everyone associated with Buffalo Rock Corporation for their outstanding support of this event over the years. Jimmy laid the groundwork for the very bright future of professional golf in northwest Florida," George said.

"We're honored to host such a prestigious Champions Tour as the Boeing Championship at Sandestin Golf and Beach Resort," said Mike Stange, vice-president and general manager of Sandestin. "Since 1998, we've been implementing a 10-year master plan to further establish Sandestin as a true destination resort. The plan kicked off with the development of The Raven Golf Club in 2000, followed by The Village of Baytowne Wharf, which with its restaurants, shops and accommodations has truly elevated the Sandestin resort experience to another level. We're pleased for the local community that our desirability has attracted the Champions Tour."

"We have come to an agreement with the Champions Tour that will be beneficial to the West Florida area, our military customers as well as the Boeing Company," said John Lockard, vice president and general manager of Naval Systems for Boeing Integrated Defense Systems, headquartered in St. Louis.

"With the great facilities at the Sandestin Golf and Beach Resort and our new title sponsor, The Boeing Company, we're sure to become one of the best events on the Champions Tour," said Phil Garcia, executive director of the Boeing Championship at Sandestin. "The move insures professional golf will continue in this area and we look forward to a long relationship with both Sandestin and Boeing. Through their support, this community event will return a significant amount of money to charity over the next several years."

Raven Golf Club at Sandestin is a Robert Trent Jones, Jr.-designed course that opened in March, 2000 and measures almost 7,000 yards from the championship tees with a par of 71. The Raven was named "Best New Course In Florida" in 2000 and "No. 1 Course in Northwest Florida" by Florida Golf News. The course has received a four-star rating from Golf Digest's Places To Play in 2002 and 2004.

To make reservations at Sandestin Golf and Beach Resort, call the reservations department at 800-470-7389 or book online at www.sandestin.com.

About the Champions Tour
The Champions Tour is a tax-exempt membership organization of professional golfers age 50 and older which celebrates its 25th anniversary in 2005. Conceived in 1980 as the Senior PGA Tour, it has grown to 28 official Charles Schwab Cup events offering $50.2 million in official prize money in 2005 and its highest average purse ever of nearly $1.8 million. Rebranded the Champions Tour in late 2002, its primary purpose is to provide significant competitive and earnings opportunities for players age 50 and older; to protect the integrity of the game; and to help grow the reach of the game in the U.S. and around the world. In addition to providing competitive opportunities for its membership, Champions Tour events also generate significant sums of money for charity. Through 2004, the three Tours of the PGA TOUR and their tournaments have generated more than $910 million for charity since the first recorded donation was made in 1938, with nearly $89 million raised in 2004. The commissioner of the PGA TOUR is Tim Finchem. Rick George is the president of the Champions Tour. TOUR headquarters is in Ponte Vedra Beach, Florida. Its Web site address is PGATOUR.com.

About The Boeing Company
The Boeing Company is the world's leading aerospace company and the largest combined manufacturer of commercial jetliners and military aircraft. With additional capabilities in rotorcraft, electronic and defense systems, missiles, rocket engines, satellites, launch vehicles and advanced information and communication systems, the company's reach extends to customers in 145 countries. Headquartered in Chicago, IL, Boeing employs approximately 151,000 employees in 48 states and 67 countries, with major operations in the Puget Sound area of Washington, southern California and St. Louis. Boeing is organized into four business units: Boeing Commercial Airplanes, Boeing Integrated Defense Systems, Boeing Capital Corporation and Connexion by Boeing (SM).

About Sandestin Golf and Beach Resort
Sandestin Golf and Beach Resort is a 2,400-acre resort located in Northwest Florida, between Pensacola and Panama City, Florida, eight miles east of Destin. Sandestin is an award-winning resort located on 7.5 miles of beach and bayfront property with 72 holes of golf, more than 1,450 accommodations and 60,000 square feet of meeting space. Sandestin guests enjoy a wide variety of complimentary amenities, including property-wide tram service; daily use of the Sandestin health club (adults only), unlimited use of bicycles, one hour free rental of canoes, kayaks, boogie boards and tennis court time, plus free children's fishing licenses for our many stocked ponds each day.

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