Boeing Strike Reaches Tentative Resolution as Stock Edges Higher
Boeing shares saw modest gains Thursday afternoon after the aerospace giant reached a tentative labor agreement with striking St. Louis workers. The proposed five-year contract offers a 45% average wage increase - surpassing previous offers of 40% over four years - and now awaits union ratification.
The breakthrough comes just days after Boeing threatened permanent replacement workers, raising questions about the status of those hiring plans. While contract details remain sparse, Boeing Defense VP Dan Gillian called it "the best deal we've ever offered" to IAM 837 union members.
Market reaction was muted, with BA shares gaining fractionally. The resolution could help Boeing refocus on production challenges across its commercial and defense divisions.
