Fitch: If this is an extended strike you could see Boeing downgraded ...Middle East

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Fitch: If this is an extended strike you could see Boeing downgraded
Boeing machinists went on strike after rejecting a 25% pay raise.That is shuttered the going manufacturing plant Here are the main points from the Boeing CFO's statement Strike Impact: Strike will jeopardize recovery, impact production and deliveriesCash Conservation: Laser-like focus on actions to conserve cashUnion Negotiations: Want to get back to the table and reach an agreementProduction Goals: Getting to 38/month by end of year will take longerInventory Levels: About 70 aircraft left in inventory at shadow factorySupply Chain Constraints: Broadly impacting the industry, affecting deliveriesSpecific Production Impacts:787 deliveries below 5/month due to seat shortageLower 777 deliveries

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