Name of opportunity: 👀
The Boeing Company
A potential deal: 🤝
Since September, Boeing workers that are members of a major union, International Association of Machinists and Aerospace Workers, have been on strike for improved pay and benefits - that’s about 33,000 workers, which has had a significant impact on the company's operations. But today, the news broke that Boeing and the union have drafted a deal, which will be up for a vote by the union members on Wednesday 22 October.
How hot is this investment opportunity? 🔥🔥🔥
Over the course of the day, Boeing stock has gone up 3.03%. Analysts predict the price of The Boeing Company will increase from $160.00 to $219.16 in the next 12 months. If you invested $1000, you might profit $366.16.
The new proposed deal includes a 35% increase to the general wage over the next four years as well as other benefits. The union members will vote on Wednesday 23 October to decide whether they accept - they had originally sought a 40% pay rise. This new deal offers more than the rejected 30% pay rise offer that Boeing made previously.
If the workers are happy with the deal and return from their strike, Boeing will be able to resume aircraft production. The company is facing $11.5bn of debt maturing through February 2026, so it’s highly important for Boeing to get back to production in order to finance this.
In other news, Boeing has mentioned plans to cut 10% of the workforce, streamlining operations and reducing costs. The company also has divested its subsidiary Digital Receiver Technology, with potential plans for further divestments.
In the sky: ✈️
Boeing is the world's largest aerospace company. The company is split into the following divisions: Boeing Commercial Airplanes, Boeing Defense, Space & Security, Boeing Global Services and Boeing Capital. It has a market cap of 98.41 billion USD.
Which neme?: 🔍
‘Space’
Download Nemo to check out Boeing
