Fitch said on Friday an extended strike at Boeing could pose a risk for a credit ratings downgrade.
Chief Financial Officer Brian West said the financial impact of the strike will depend on how long it lasts, but noted it will affect the company's production of its best-selling planes. In this article BA
As Boeing Co.'s stock took another downturn on Friday after some workers voted to go on strike, bondholders were taking the opposite tack, snapping up the outstanding notes in strong volume.
Boeing's West Coast factory workers walked off the job early on Friday after they unanimously rejected a contract, halting production of the company's best-selling 737 MAX jet.
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Boeing (BA) shares fell in pre-market trading Friday as the company's largest labor union partner voted to reject Boeing's latest contract offer and started its first strike in over a decade, shutting down production at dozens of Boeing's facilities.
Workers at aircraft maker Boeing are to go on strike for the first time since the global financial crash, piling more pressure on the troubled company.
Boeing's stock was sinking ahead of Friday's open after the aerospace giant's machinists union voted to go on strike.
Could Boeing stock (NYSE: BA) fall to $130 from the roughly $160 level it is at currently? Does this sound unlikely?
Boeing workers are striking for the first time since 2008. The walkout could cost the embattled planemaker billions in lost revenue if it drags on for months.
24/7 Wall St. Insights Boeing Co. (NYSE: BA) shares have sold off because of a new worker strike.
Thousands of workers will down tools on Friday.