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Boeing Defense Strike Raises Concerns for Investors Amid Turnaround Efforts
Boeing Defense Strike Raises Concerns for Investors Amid Turnaround Efforts
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BTCCSquare news:
More than 3,200 Boeing workers at St. Louis-area defense facilities launched a strike Monday after rejecting a modified contract offer. The International Association of Machinists and Aerospace Workers, last on strike in 1996 for 99 days, plays a critical role in producing military aircraft like the F-15EX and MQ-25 Stingray.
Boeing's defense division has grown to dominate revenue as commercial aviation struggles with the fallout from the 737 MAX crisis. A prolonged work stoppage could disrupt the company's fragile recovery, despite a 25% stock surge this year.
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