SPEEA strike vote – critical near-term risk

SPEEA rejected the contract and authorized a strike. The 3% inflation cap was the dealbreaker. A strike would halt deliveries and threaten cash flow, especially after July's delivery miss, and could delay MAX 10 and 777-9 certification timelines. Boeing stock fell 3.02% on Aug 20 reflecting these headwinds. Vote results confirmed rejection and strike authorization on Aug 21. However, the union cannot strike until Oct 6, providing a window for further negotiations. Boeing's contingency plan diverts funds from worker investment to strike preparation, which could pressure cash flow and production.