Boeing awarded new $2.38 billion contract to build additional KC-46A tankers in Everett
EVERETT―The Boeing Company will build 15 additional KC-46A Pegasus tankers under a Lot 11 contract award from the U.S. Air Force valued at $2.38 billion. The KC-46A is built in Everett, Washington, and in all, Boeing has 168 KC-46A multi-mission aerial refuelers on contract globally, providing advanced capability advantages for the joint force and allies. […]
Boeing lays out ramp up plan as 33,000 machinists return to work
EVERETT—Tens of thousands of International Association of Machinists (IAM) 751 & W24 union members returned to work Tuesday, November 12, following approval of a historic agreement with Boeing on November 4, ending a 53-day strike that cost the aerospace juggernaut billion dollars in lost revenue. The Boeing Production System follows a lean methodology utilizing Just-in-Time, […]
Boeing and IAM announce new contract vote for Nov 4
EVERETT—With the assistance of Secretary of Labor Julie Su, the International Association of Machinist (IAM) 751 & W24 will be allowing its 33,000 members on Monday, November 4, to vote on an updated contract offer by Boeing with hopes to ending a 49-day strike that has cost billions of dollars in lost revenue. “Your Union […]
Boeing announces stock offerings of $22 billion to pay debt and raise capital
ARLINGTON—Less than a week after reporting $6.2 billion in third quarter losses and machinist union members rejecting its latest contract offer, Boeing announced on October 28, stock offerings to raise up to $22 billion to help ease its financial woes. “Boeing intends to use the net proceeds from the Offerings for general corporate purposes, which […]
Boeing IAM workers reject latest offer, strike continues, Boeing silent
SEATTLE—Boeing IAM 751 & W24 union members overwhelmingly voted, 64 percent, on Wednesday, October 23, to reject the latest October 19 contract offer from the aerospace company. The strike continues. “This wasn’t enough for our members,” Jon Holden, IAM 751 President told reporters at Wednesday’s presser following the vote. “There is a big gap we […]
Boeing reports $6.2 billion loss for third quarter results
ARLINGTON, Va.—At its third-quarter 2024 earnings briefing on October 23, Boeing President and CEO Kelly Ortberg shared the grim reality of the company’s financial challenges ahead and his four-point plan to “restore Boeing to the leadership position that we all know and want.” “It will take time to return Boeing to its former legacy, but with […]
V-Day: Tens of thousands of Machinists vote on Boeing’s latest offer
EVERETT—Polling locations in Washington, Oregon, and California open on October 23 at 8 a.m. where approximately 33,000 International Association of Machinist (IAM) 751 & W24 workers will decide to accept or reject the latest October 19 bargaining agreement offer by Boeing. The latest offer is a much better deal from the original union leadership endorsed […]
Striking Boeing machinist talks financial hardships, workplace tensions, latest offer
EVERETT—Jay, a Boeing machinist in his mid-20s, is currently on strike alongside roughly 33,000 members of the International Association of Machinists and Aerospace Workers (IAM) 751 & W24. In a conversation with the Lynnwood Times, he discussed the effects of the strike on his finances and academic goals, as well as what he and his […]
High-ranking congressional leaders urge Boeing and IAM to reach deal, ‘$8 trillion’ at stake
EVERETT—Three of the highest-ranking congressional leaders—U.S. Senator Maria Cantwell (D-WA), chair of the Senate Committee on Commerce, Science, and Transportation, Representatives Adam Smith (D, WA-09), ranking member of the House Armed Services Committee, and Rick Larsen (D, WA-02), ranking member of the House Transportation & Infrastructure Committee—along with president pro tempore of the United States […]
Boeing announces plans of a 10% total workforce reduction as strike continues
EVERETT—In an email to all employees sent Friday afternoon, Boeing President and CEO Kelly Ortberg announced that due to the ongoing strike, the company will delay delivery of its 777X program by a year to 2026, decommission the commercial program of its 767 freighter, and will now be assessing a total workforce reduction of 10 […]
