Boeing Co (BA) Maintains Production as Machinist Workers' Strike Drags

The Boeing Company (NYSE:BA) is one of the best stocks to buy on Robinhood right now. On August 26, the company put the contract discussion with the striking machinists union on hold. The company is staring at a standoff involving 3,200 members of the International Association of Machinists and Aerospace Workers.

The Labor standoff arises from workers rejecting a four-year contract offer. The rejected offer includes a 20% general wage increase and a $5,000 ratification bonus, along with additional vacation time and sick leave.

The workers on strike are tasked with assembling Boeing F-15 and F/A-18 fighters. Amid the standoff, the aerospace company has managed to maintain production, flight testing, and other work while using non-union workers.

The Boeing Company (NYSE:BA) is an aerospace company that develops and manufactures commercial airplanes, defense products, and space systems. Its products include commercial jetliners, military aircraft, satellites, and weapons systems, serving customers worldwide with manufacturing, services, and financing solutions.

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Disclosure: None. This article is originally published at Insider Monkey.