Boeing could lose billions in a strike

0 Comments | USA TODAY, August, 2008 | by Dan Reed

Boeing could face a revenue drain of $3 billion to $3.5 billion a month and could see its high-profile 787 Dreamliner and two other new aircraft programs delayed if a threatened strike by production workers occurs next week.

The company also could be required to pay late delivery penalties to at least some of its customer airlines. Boeing also could end up covering some costs incurred by subcontractors forced to slow or shut down their operations while Boeing's assembly lines are stopped.

To avoid that, the Chicago-based aerospace giant on Thursday made what it calls its "best and final" contract offer to negotiators for the International Association of Machinists and Aerospace Workers union. Boeing also published the details of the contract on its website for...