Boeing shares rise on tentative labor deal

By Reuters

Sep 10, 2024 12:12 am

BOEING shares rose 3 percent in US pre-market trading on Monday after the planemaker reached a tentative deal with a union in the US Pacific Northwest that could avoid a possible crippling strike later this week.

If approved, the proposed four-year contract, which includes a general wage increase of 25 percent and a commitment to build the next commercial plane in the Seattle area, is an important win for Kelly Ortberg, who took over as Boeing chief executive officer last month.

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