Key TakeawaysBoeing's shares are rising in premarket trading Tuesday, after a union voted to approve a third contract agreement—ending a strike at the plane maker that has lasted nearly two months.Members of the International Association of Machinists accepted an offer that included 38% pay increases, along with a ratification bonus that workers can elect to use as part of their retirement savings. Boeing’s latest proposal received the support of 59% of the votes cast by union members. Boeing's (BA) shares ...

Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner and generate much-needed cash.Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said 59% of members who cast ballots agreed to approve the company’s fourth formal offer and the third put to a vote. The deal includes pay raises of 38% over four years, and ...

The International Association of Machinists and Aerospace Workers Local 751, which represents 33,000 members in Seattle, said it has accepted a new contract with Boeing, ending the union's strike after nearly two months. The union said machinists voted by 59% to accept the company's proposal, which includes a 38% pay raise over four years that would ultimately increase salaries from $75,608 to $119,309, Reuters reported. The proposal also included ratification and productivity bonuses.Boeing did not agree t ...

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Unionized Boeing workers on Monday voted to accept a contract proposal, ending a seven-week strike.The deal increases pay by 38% over four years and gives workers a bonus for ratifying the contract.A Bank of America analyst estimated Boeing lost about $50 million a day due to the strike. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favo ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.The Boeing Company (NYSE: BA ) recently raised $21 billion through a combination of common stock and depositary stock representing a 20% interest in Boeing preferred stock. The capital raise is one of the steps that Boeing has taken to improveDhier ...

KEY TAKEAWAYSMembers of Boeing's machinists union are voting today on a third contract agreement that could potentially end a crippling strike that has lasted nearly two months. The International Association of Machinists will vote on the new offer from Boeing that includes 38% pay increases, along with a ratification bonus that workers can elect to use as part of their retirement savings.  The union rejected a previous offer from Boeing that included a 35% pay hike, extending the strike that began on Sept. ...

Boeing workers will vote on a third contract agreement on Monday that could end a seven-week strike that has halted production at the troubled planemaker.Results are expected late Monday and workers could return to work as early as Wednesday following the approval of the new contract.The 33,000 workers, represented by the International Association of Machinists and Aerospace Workers District 751 and District W24, have been on strike since 13 September after rejecting Boeing’s final offer by 94% before their ...

Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024.Boeing's more than 32,000 striking machinists on Monday will vote for the third time on a contract proposal.If a simple majority approve the offer, it would end the more than seven-week work stoppage that has halted most ...

Ryanair, Europe's biggest airline, repeatedly criticized Boeing in its latest earnings report.The budget carrier said delays to plane deliveries would lead to a 5 million passenger shortfall.Profits at the Irish airline were down 18% compared to the same period last year. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a ...