According to Gulf News, Boeing is stepping up pressure on opponents of the U.S. Export-Import Bank with threats to shift manufacturing abroad if the agency that finances purchases by foreign customers is killed off next month.

Scott Scherer, head of regulatory strategy at Boeing Capital, is quoted by Gulf News as saying, the aerospace and defense group would “not sit idly by” if the ExIm Bank’s mandate was not renewed by the end of June.

Gulf News notes that Boeing, along with General Electric and Caterpillar, has been leading the charge to rescue the ExIm Bank from conservative critics, who want to shut down what they describe as “corporate welfare”.

To view the full Gulf News report, click here.