The company’s civil aircraft has decreased by one -third last year.
Boeing, an aircraft manufacturer, announced that sales in the fourth quarter (fourth quarter) were expected to fall below the same period in 2023, accused the worker’s strike one of the factors in sales.
The company’s fourth quarter achievements have been “suspended and agreement” related to strikes by employees belonging to the union of the International Machinery and Aerospace Workers Association (IAM), and “specific defense, cosmic, and cosmic. He said he was influenced by the “accusation for security programs.” It is a cost related to the reduction of personnel announced last year. “
The suspension of IAM was one of the Boeing’s 777X and 767 programs of $ 1.1 billion. The company also cost more $ 1.7 billion in defense, universe and security, which was related to the increase in estimated manufacturing costs, including the impact of the work suspension. Boeing received a total of $ 2.8 billion in the fourth quarter.
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“In addition, the production of 737, 767, and 777/777X has resumed. Our team will continue to focus on future hard work to build a new future of Boeing.”
The fourth quarter forecast of Boeing did not have a major impact on the stock price. The company’s stock price was traded for $ 174.80 on January 22, and on January 24 ended at $ 176.06. Boeing stocks have fallen by nearly 13 % in the past year.
Companies exposed to pressure
Boeing was strictly monitored by the federal government last year following the 737 MAX 9 aircraft operated by Alaska Airlines caused an aerial accident in January 2024, forcing the door panel to be blown away and urgently landed.
In response to the incident, multiple institutions, including the National Transport Safety Commission, the Federal Aviation Bureau, and the U.S. Department of Justice, began investigating Boeing.
At the Senate hearing in June, the CEO Dave Calhoon said that the accident was caused by “manufacturing defects,” rather than inappropriate designs.
Anders Core, president of Core Analytics, emphasized the importance of the United States’ national security and called for Boeing.
Mr. Ko particularly mentioned the problem of strikes of Boeing’s employee, but the strike ended with an aircraft manufacturer increasing by 38 % and an agreement on a $ 12,000 permission bonus per employee.
“Future US workers who want to work for Boeing will not be able to work because they will not be able to export to Boeing due to artificial high union wages, which have been agreed only under strikes. From the 1970s to the present, it continues for Boeing.
Despite being under the monitoring of the federal government, Boeing continues to secure munitions. In November 2024, the U.S. Air Force signed a contract of 15 KC-46A Pegasus aerial refueling aircraft worth $ 2.38 billion against Boeing. Since 2019, the company has delivered 89 KC-46A to the Air Force.
In December, the U.S. Army ordered Boeing with three CH-47F block II chinooks of $ 135 million.
