Previous close | 0.0100 |
Open | 0.0100 |
Bid | 0.0000 |
Ask | 0.1000 |
Strike | 85.00 |
Expiry date | 2024-10-18 |
Day's range | 0.0100 - 0.0100 |
Contract range | N/A |
Volume | |
Open interest | 516 |
Boeing (BA) has filed an unfair labor practice charge against the union representing its striking workers, accusing union leaders of not bargaining in good faith. Catalysts Hosts Seana Smith and Madison Mills report more on the move and break down the state of negotiations between the company and the International Association of Machinists and Aerospace Workers. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl
WASHINGTON (Reuters) -A federal watchdog on Friday criticized the Federal Aviation Administration's oversight of Boeing airplane production, saying it does not have an effective system to oversee the planemaker's individual manufacturing facilities. The Transportation Department's Office of Inspector General said in a report the FAA's current audit processes "are not comprehensive enough to adequately identify key discrepancies and noncompliances within the Boeing production line" and said the FAA has not addressed longstanding weaknesses in Boeing’s oversight of suppliers despite long-known risks. The FAA's oversight of Boeing has gotten new scrutiny after a door plug missing key bolts blew off a new Alaska Airlines 737 MAX 9 jet at 16,000 feet in January, prompting the Justice Department to open a criminal investigation.
Boeing has been mired in crisis all year. The year began with a mid-air panel blowout on a new 737 MAX jet that exposed safety and quality problems; in March, then CEO Dave Calhoun decided to step down, and now new chief executive Kelly Ortberg is contending with an increasingly acrimonious standoff with about 33,000 unionized workers. The U.S. planemaker has further ceded ground to arch-rival Airbus in the delivery race this year as production fell due to quality checks and audits by the aviation regulator.