EVERETT, Wash. (AP) — Boeing reported a massive loss of more than $6 billion in its third quarter, dragged down by a work stoppage and charges tied to its commercial aircraft and defense programs. Boeing lost $9.
EVERETT, Wash. — Boeing reported a massive loss of more than $6 billion in its third quarter, dragged down by a work stoppage and charges tied to its commercial aircraft and defense programs.
Boeing can't produce any new 737s, however, until it ends the five-week-old strike by 33,000 machinists that has shut down assembly plants in the Seattle area. Analysts expect Boeing to announce Wednesday that it lost about $6 billion in the third quarter, including $3 billion in charges related to airline jets and $2 billion in losses for its defense and space programs.
They will vote at union halls in the Seattle area and elsewhere on a Boeing offer that includes pay raises of 35% over four years, $7,000 ratification bonuses, and the retention of performance bonuses that Boeing wanted to eliminate.
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