Boeing's 17,000 Engineers Vote Thursday on Sweetened Offer; Strike Could Halt 737 MAX 10 and 777-9 Certification
BA is trading near its 52-week low of $176.77 (5.9% above the low).
Summary
Boeing's largest white-collar union, SPEEA, votes Thursday on a revised contract offer that includes a 10% immediate raise and 32% average increase over four years. A rejection would trigger a strike as soon as Oct. 7, halting certification work on the 737 MAX 10 and 777-9 and disrupting jet deliveries. The union's councils now recommend acceptance, a shift from August when members overwhelmingly rejected the first offer. This follows a series of setbacks including the NATO GlobalEye loss and a $280 million VC-25B charge, making labor stability critical to Boeing's recovery. The vote outcome will directly impact production timelines and delivery targets.
At the time of this announcement, BA was trading at $187.17 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $147.9B. The 52-week trading range was $176.77 to $254.35. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.