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At 5 pm PT on January 5, 2024, things seemed like they were on the verge of getting better for Boeing. Minutes later, a full year’s worth of problems started with a near tragedy.
A 50-day work stoppage would cost Boeing $5.5 billion, investment bank TD Cowen said in a report reviewed by ABC News at the outset of the dispute. So far, the strike has lasted 41 days.
Boeing reported a massive third-quarter loss of more than $6 billion, as the airplane manufacturer was dragged down by a strike and billions in charges tied to its commercial aircraft and defense ...
Boeing employee Adrian Camez, who works in Seattle, stokes the fire of a burn barrel as others arrive to vote on a new contract offer from the company Monday, Nov. 4, 2024, at the Aerospace ...
Boeing has been losing money since 2019, after two Max jets crashed, killing 346 people. It needs the cash it earns from delivering new planes to begin digging out of a deep financial hole . Show ...
Boeing is among the largest global aerospace manufacturers; it is the fourth-largest defense contractor in the world based on 2022 revenue [6] and is the largest exporter in the United States by dollar value. [7] Boeing was founded by William E. Boeing in Seattle, Washington, on July 15, 1916. [8]
At the heart of the Boeing strike that began Friday is a story about what happens when penny-pinching executives lose the plot and it falls to workers to get everyone back on track.
Muilenburg started work at Boeing as an intern in 1985. [8] [9]Muilenburg held numerous management and engineering positions on various Boeing programs, including the X-32 (Boeing's entry in the Joint Strike Fighter competition); Boeing's participation in the Lockheed Martin F-22 Raptor fighter; the YAL-1 747 Airborne Laser; the High Speed Civil Transport; and the Condor unmanned ...