The wreck has split into at least 20 confirmed pieces of space junk that US Space Forces is tracking, according to an alert.
Boeing reports Q3 results Wednesday. BA stock has climbed after the Dow Jones plane maker sent a new offer to striking union members.
CNBC's Phil Lebeau sits down with Jon Holden, Union President of Boeing Machinists, to discuss the vote on the strike and what's next for his members.
Boeing Co. BA is set to report its third-quarter earnings on Wednesday before the market opens. Analysts are expecting a loss of $1.49 per share and quarterly revenue of $18.6 billion.
Boeing (BA) has reached a tentative agreement with striking International Association of Machinists and Aerospace Workers (IAM) members. Union workers are set to vote on the deal on Wednesday, which could end the five-week-long strike.
Boeing CEO Kelly Ortberg will face investors for his first quarterly call on Wednesday morning. Striking machinists that have shut down most of Boeing's aircraft production will also vote on a new contract on Wednesday.
Boeing and its striking union machinists have reached a tentative deal that could end the work stoppage, which analysts say has been the most costly of 2024.
If union members agree to end the strike “the supply chain, investors, and Boeing will share a collective sigh of relief.”
Boeing Co (NYSE:BA, ETR:BCO) may soon be able to refocus on its turnaround efforts if the airplane manufacturer is able to reach a deal with its machinists this week, analysts at Bank of America believe. IAM District 751 said on Saturday it has received a revised labor proposal from Boeing which will be voted upon by members on Wednesday, October 23.
Boeing (BA) shares advanced 3% Monday afternoon as the plane maker and its 33,000-member machinists union struck a tentative agreement over the weekend that could end the five-week strike that has crippled the company.
Boeing (BA) has reached a tentative agreement with striking workers from the International Association of Machinists union, which could put an end to the five-week-long strike. Jason Gursky, Citi managing director, aerospace and defense lead analyst, joins Morning Brief to discuss the news and Boeing's overall outlook as its new CEO seeks to turn the company around.
Thirty-three thousand workers could return to the job this week.