Striking Boeing defense workers vote on new contract

Striking Boeing defense workers vote on new contract


FILE PHOTO: A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025.

Benoit Tessier | Reuters

Roughly 3,200 Boeing defense workers were voting Thursday on a new contract that could end a more than three-month strike that has delayed the manufacturer’s production of F-15 fighter jets and other programs.

The workers rejected previous offers, with their union saying the proposals failed to address concerns.

The contract proposal the workers are voting on Thursday includes 24% wage increases over five years as well as a $6,000 upfront bonus, up from $3,000, though it gets rid of a previous Boeing proposal for $4,000 in payments later on.

The mostly St. Louis-based workers, represented by the International Association of Machinists and Aerospace Workers District 837, went on strike on Aug. 4, their first stoppage since 1996.

Read more CNBC airline news

Boeing’s defense unit accounted for about 30% of the $65.5 billion in sales Boeing brought in during the first nine months of 2025.

“The strike impacted our fighter production, so F-15, F-18 mods as well as some of our munitions work,” CEO Kelly Ortberg said at a Morgan Stanley investor conference on Sept. 11.

Boeing brought in non-IAM-represented workers during the strike for some of its products, Ortberg said last month.

If the new contract is ratified, the union workers would return as early as Sunday.

The defense-unit’s comes about a year after more than 32,000 unionized machinists who build commercial aircraft walked off the job for seven weeks after failed contract talks last year.



Source

How the Iran war is hitting homebuilders
Business

How the Iran war is hitting homebuilders

Key Points Homebuilder sentiment dropped sharply in April, according to a monthly index from the National Association of Home Builders. The war with Iran has pushed mortgage rates higher and layered on big increases in costs for materials and transportation due to the spike in oil prices. A slew of building suppliers reported price hikes […]

Read More
Gas prices are rising, but don’t count on significantly lower car insurance premiums as a result
Business

Gas prices are rising, but don’t count on significantly lower car insurance premiums as a result

A customer fills his vehicle with fuel at a gas station on April 13, 2026 in Miami, Florida. As the United States military blockades the Strait of Hormuz fuel prices rose above $100 dollars a barrel. Joe Raedle | Getty Images As war in the Middle East pushes the national average for gas to around […]

Read More
Lululemon names former Nike exec Heidi O’Neill as new CEO
Business

Lululemon names former Nike exec Heidi O’Neill as new CEO

Lululemon store sign on March 2,, 2026 in London, United Kingdom. Peter Dazeley | Getty Images Lululemon on Wednesday named Heidi O’Neill as the athleisure company’s new CEO, effective Sept. 8. The news comes after the company has seen more than a year of disappointing performance and been embroiled in a dramatic proxy battle, with […]

Read More