IAM District 837 members, workers who assemble Boeing’s (BA) fighter jets in the St. Louis area, have rejected the company’s latest contract offer and will strike on Monday, Reuters reports, citing the International Association of Machinists and Aerospace Workers union. “We are prepared for a strike and have fully implemented our contingency plan,” Boeing Air Dominance vice president and general manager Dan Gillian said, according to an emailed statement to Reuters.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BA:
- “One of its Cleanest Quarters…”: Boeing Stock (NYSE:BA) Slips Despite Gains from Bank of America
- Boeing awarded $883.12M Army contract
- Boeing price target raised to $270 from $260 at BofA
- Four flight attendants sue Boeing over 737 MAX 9 panel blowout, Reuters says
- “Double Disaster”: Boeing Stock (NYSE:BA) Slips On Strike Threat, Trouble for the F-47