CNBC's Joe Kernen reports on the latest news.
CEO Kelly Ortberg said the company needs to take "difficult steps" to preserve cash while the machinist strike continues.
The machinists’ union negotiating committee recommends that union members vote in favor of Textron’s final offer.
Boeing's CFO said the strike will affect a facility working on the KC-46 and increase the program's cost pressures.
Boeing is furloughing tens of thousands of workers amid a major machinist strike. Last week, 96% of the 33,000 Boeing machinists voted to reject a new contract and instead strike. Though ...
Ratings firms are warning that a prolonged work stoppage could sink the jet maker’s debt into junk status.
As Boeing's machinists continue to strike, furloughs and pay reductions are in store for the rest of the company.
In a memo to employees on Monday, Boeing CFO Brian West outlined the steps that the company is taking to cut costs during a ...