What Happened
Labor Deadline Looms Over 737-10 Certification Efforts
Boeing is facing a potential strike from 17,000 engineers and technical staff, who rejected proposed four-year contracts and authorized a strike to take effect after October 6. The company has completed certification flights for the 737-10, but engineering close-out work remains pending. Boeing shares have fallen 7.5% over the past week, amid concerns about the impact of the labor dispute on the company’s operations and financial performance. This development was reported by Unknown Source.