Boeing Just Lost $10 a Share -- and It Wasn't All Because of the Strike
Boeing(BA) The Motley Fool·2024-11-09 20:07
Boeing lost a bundle in Q3. And yes, that's a good reason not to buy Boeing stock.It's finally over. On Monday, by a vote of 59% for and 41% against, the International Association of Machinists (IAM) voted to accept a new four-year contract from Boeing (BA 0.46%). Under the terms of the new contract, IAM members will see wages rise 38% over the next four years, receive higher 401(k) matching funds (but no reinstatement of the company pension), and pay lower healthcare premiums. Most importantly, after 54 da ...