Boeing union rejects labor contract extension

|About: The Boeing Company (BA)|By:, SA News Editor

In a closely watched vote, Boeing's (BA) machinist union rejects a labor contract extension aimed at keeping 777X production in Washington State for the next two decades.

The union voted 67% against the deal, which they said would have cut pension and healthcare benefits.

For its part, BA is "very disappointed" and says it now has "no choice but to open the process competitively and pursue all options for the 777X."

Still, some analysts expect BA to negotiate with the union given the advantages of keeping 777X work in the Puget Sound region.

For more on the union and BA's next-gen 777, see here.