Boeing Halts 737 Production

Labor strikes put a stop to aerospace giant's biggest driver of sales.

Caleb Revill

Thursday, September 26, 2024 at 11:59 AM ET

Verified

Edited By:

Travis Tingle

Boeing 737 MAX aircraft in storage at Boeing Field [Credit: AirlineGeeks | William Derrickson]

Key Takeaways:

Boeing has halted 737 production due to ongoing, costly strikes by 33,000 International Association of Machinists and Aerospace Workers (IAM) members.
The IAM members refused to vote on Boeing's "final offer," stating it was not negotiated and did not address their concerns.
The strikes are projected to cause Boeing $3.5 billion in revenue losses by the end of September, mainly from the stoppage of 737 deliveries.
Boeing has begun furloughing workers to cut costs, but the duration of the 737 production halt is currently unknown.

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Boeing 737 production ground to a halt on Wednesday as the company continues to be riddled with costly strikes in the Pacific Northwest.

A Fortune report stated that two separate representatives from Boeing confirmed the production stoppage after a Tuesday Bank of America analyst note suggested production of the company’s best-selling jets had come to a “complete halt.”