ST. LOUIS, MO—Roughly 3,200 Boeing defense workers in the St. Louis area walked off the job early today, Monday, August 4, launching their first strike since 1996 after rejecting a proposed labor contract.
In May, a worker at the Airbus assembly plant near Montreal, Canada was surprised to discover a raccoon climbing the landing gear of a jet on the assembly line.
American isn’t alone in facing setbacks. Delta Air Lines is also dealing with stranded Airbus jets in Europe, reportedly due to pending regulatory certification for their seats.
U.S. manufacturers should be happier with lower tax bills. On the downside, the OBBBA repeals many of the green energy tax credits from the Inflation Reduction Act.
Despite incorporating a $500 million tariff cost into its outlook, GE is mitigating the impact through cost efficiencies and strategic price adjustments. The company also raised its shareholder return target by 20%, pledging to return $24 billion through 2026—including $19 billion in share repurchases.