Strike! Will affect F-15 fighter jets and more! Boeing falls
Boeing opened lower and continued to decline, falling over 1% as of the time of writing. According to Xinhua News Agency, the defense department of Boeing stated that due to a strike by military aircraft assembly workers in the St. Louis area of Missouri and Illinois that began early on the 4th, Boeing is prepared for a shutdown and will implement emergency plans using non-human employees. Reuters reported that the affected businesses include the assembly of F-15 and F/A-18 fighter jets, T-7 trainers, and MQ-25 carrier-based unmanned refueling aircraft
On Monday local time, Boeing opened lower and continued to decline, falling over 1% as of the time of writing. According to Xinhua News Agency, Boeing's defense department stated that due to military aircraft assembly workers in the St. Louis area of Missouri and Illinois starting a strike early on the 4th, Boeing is prepared for a shutdown and will implement an emergency plan using non-human employees. Reuters reported that the affected businesses include the assembly of F-15 and F/A-18 fighter jets, T-7 trainers, and MQ-25 carrier-based unmanned refueling aircraft.
Boeing's Military Aircraft Assembly Business Faces Shutdown
According to Xinhua News Agency, Boeing's defense department stated that due to military aircraft assembly workers in the St. Louis area of Missouri and Illinois starting a strike early on the 4th, Boeing is prepared for a shutdown and will implement an emergency plan using non-human employees.
Reuters reported that the affected businesses include the assembly of F-15 and F/A-18 fighter jets, T-7 trainers, and MQ-25 carrier-based unmanned refueling aircraft. After winning the F-47A fighter contract this year, Boeing's defense department was originally expanding related production facilities in the St. Louis area. According to Deutsche Presse-Agentur, the affected businesses also involve missile systems.
Bloomberg News reported that the strike is mainly due to the breakdown of negotiations between workers and Boeing regarding compensation issues.
According to the Associated Press, after the major accidents involving the Boeing 737 MAX 8 aircraft in October 2018 and March 2019, Boeing has "struggled" and its safety issues have come under scrutiny. In January of last year, a door fell off a Boeing 737 MAX 9 aircraft during flight, once again putting Boeing in the spotlight.
Last week, Boeing released its financial report showing that the company's revenue improved in the second quarter of this year, but it still incurred a loss of $612 million, which is a reduction compared to a loss of $1.439 billion in the same period last year.
Source: Shanghai Securities Journal, Original Title: "Strike! Will Affect F-15 Fighter Jets and More! Boeing Plummets"
