Boeing reached a tentative agreement with its striking union workers Saturday, according to multiple outlets, ending a five-week-long strike that halted production of the company's key aircraft, threatened large layoffs and heightened its financial struggles.
Boeing and union leaders have reached a deal that could end the machinists' strike. The proposed deal includes a 35% general wage increase spread over four years.
Boeing and its machinists' union have reached a new contract proposal. The deal could end a more than month-long strike that has hobbled the manufacturers' production.
Boeing and its machinists union have reached a tentative agreement that could end a strike that has halted most production in the past month.
Their work stoppage has halted production of the plane maker's best-selling 737 MAX and its 767 and 777 widebodies.
The numbers are clear. Every defense stock in America now costs more than it's worth.
Boeing Co. (NYSE: BA) is currently navigating one of the most challenging periods in its history, with its stock down approximately 40% year-to-date, making it one of the worst performers on the Dow Jones Industrial Average.
Will there be anything left of Boeing -- that's worth investing in -- by the time this strike ends?
A device that blasts sound waves shows how smaller players are competing against defense giants.
CNBC's Jim Cramer named the big earnings reports to keep an eye on next week, including numbers from Boeing, Tesla, IBM and General Motors. He celebrated the market's lengthy winning streak and suggested it could continue.
Boeing's brand strength, rooted in decades of safety and reliability, is unmatched and will help it weather current financial and operational issues. Despite production delays and quality issues, Boeing's competitive position and growing global air traffic ensure continued demand for its aircraft. Boeing is trading at a significant discount, presenting a unique investment opportunity with potential for substantial upside as operational issues are resolved.
A union representing striking machinists at Boeing said Friday it is actively engaged in indirect discussions with the planemaker that are being facilitated by Acting U.S. Labor Secretary Julie Su.