BA · News · 20260912N

Labor Contract and Strike Risk

BOEING CO · 2026-09-12 · Importance 44 · Surprise 50 · In source text

Boeing and the Society of Professional Engineering Employees in Aerospace reached a tentative four-year contract agreement covering approximately 17,000 members. The proposed agreement provides a 10% initial wage increase, followed by 4% annual raises and merit-based increases. The contract is subject to member approval and could increase Boeing’s engineering labor costs, although no dollar impact was reported. SPEEA engineers are involved in certifying the delayed 737 MAX 10 and 777-9 programs, making the agreement relevant to production and certification timing.

Key facts

Boeing and its engineering union, SPEEA, have reached a tentative four-year contract agreement. source
The deal, if approved by the 17,000 members, would provide a 10% wage raise initially. source
The deal would be followed by 4% raises plus merit-based increases. source
The tentative agreement includes higher general wage increases than a previously rejected offer. source
SPEEA members are vital to certifying Boeing's 737 MAX 10 and 777-9 jets, both of which are significantly behind schedule. source

Impact estimates

metric	direction	stage	expected	basis
operating_income	negative	probable	—	Boeing and its engineering union, SPEEA, have reached a tentative four-year contract agreement.
operating_income	negative	probable	—	The deal, if approved by the 17,000 members, would provide a 10% wage raise initially.
operating_income	negative	probable	—	The deal would be followed by 4% raises plus merit-based increases.