Boeing is ramping up 737 production to 47 aircraft per month, but its engineers have authorized a strike that could disrupt the effort. The SPEEA units representing about 17,000 engineers and technical workers rejected contract offers on August 21, with 64% and 72% voting against, and authorized a strike with 88% and 90% support. The current contracts expire at midnight on October 6, and talks are set to resume Monday. Boeing has posted job openings for replacement engineers, and a strike could stall engineering support and certification work for the 737-10, just as the company aims to sustain the higher production rate. Boeing's second-quarter deliveries rose 14% to 171 aircraft, revenue grew 8% to $24.6 billion, and free cash flow turned positive at $631 million, but the company still posted an adjusted loss of $0.76 per share and holds $45.9 billion in debt.
The Boeing CompanyEngineers authorized a strike that could disrupt 737 production ramp and certification work.
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