Boeing said Tuesday that it plans raise up to $25 billion through a combination of bonds, shares, or other securities, a move aimed at stabilizing its cash flow in the face of ongoing production issues and a major labor strike. The company’s latest plans, disclosed in a regulatory filing on Tuesday, come at a time when Boeing is grappling with halted production and a costly work stoppage.
Boeing also recently secured $10 billion in credit from multiple banks, adding another financial lifeline to its arsenal. These steps are part of a broader effort to weather a series of escalating crises.
The trouble began when the International Association of Machinists and Aerospace Workers (IAM) went on strike on September 13 after rejecting a new contract offer. The strike, involving over 33,000 workers in Boeing’s Seattle facilities, has already cost the company more than $3 billion in…
