Boeing's production of 737 jets has come to a complete halt due to an ongoing strike by 33,000 machinists. This significant pause includes multiple aircraft models and fabrication sites.
BofA analysts noted that only two 737s were delivered last week, indicating a production slowdown, while 787 jets saw zero deliveries, reflecting the impact of the strike on Boeing's operations.
Boeing's struggle with union negotiations has led to extensive worker protests. The company's final offer included bigger raises but was deemed insufficient by strikers, further prolonging the impasse.
Despite the strike's impact on production, BofA maintained a neutral rating on Boeing's stock, expecting rollouts for the 787 to remain stable as it is less affected by union activities.
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