IAM District 751 (Machinists Union)

Money Moves

Ratified 2024 contract covering ~33,000 Boeing machinists

Boeing has burned cash every year since 2018. On Wednesday it reported a first-quarter adjusted loss of 20 cents per share — four times smaller than Wall Street's expected 83-cent loss — with $22.22 billion in revenue. CEO Kelly Ortberg told investors the company sees a path to roughly $3 billion in free cash flow for the full year.

Updated May 31