Boeing Workers Union Urges Lawmakers To Intervene And Help Reach A Deal: Report

A union representing workers at Boeing Co.’s (BA) defense factories in the St. Louis area has urged lawmakers to intervene and help strike a deal with the planemaker.

The IAM Union has asked lawmakers from Missouri to push Boeing to undertake negotiations again with the union, according to a Bloomberg report, citing a statement sent out by the group.

Boeing’s shares traded 0.47% lower at the time of writing. Retail sentiment on Stocktwits around the company was in the ‘bearish’ territory.

The IAM Union represents 3,200 workers, and it has written to senators and representatives in the region to put pressure on Boeing to resume talks. This comes after the workers in the union went on a strike earlier this month after voting down a proposal to hike wages by 20% and increase retirement contributions, according to the report.

“IAM District 837 members have spoken loud and clear, they deserve a contract that reflects their skill, dedication, and the critical role they play in our nation’s defense,” said IAM District 837 Directing Business Representative Tom Boelling earlier this month.

The union said in the statement that its workers in the area assemble and maintain advanced aircraft and weapons systems, including the F-15, F/A-18, as well as cutting-edge missile and defense technologies.

The request for intervention comes after Boeing’s civil aircraft segment was affected in 2024, following 33,000 machinists working on the 737 Max, 767, and 777 aircraft going on strike for several months, resulting in the aircraft manufacturer raising $24 billion to preserve its investment-grade credit rating.

BA stock is up 31% year-to-date and 37% in the past 12 months.

Also See: Scott Bessent Says Interest Rates Should Be 150-175 Basis Points Lower: Report

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