Joe Biden congratulates company and union for reaching a deal, after direct mediation by the White House.

By Jasper Jolly, The Guardian

the side of a boeing plane fuselage showing the company name

The end of the first strike in 16 years by Boeing’s largest union is welcome relief for a company that has lurched from one setback to the next since a door panel blew off a near-new 737 Max plane in mid-air in January. Before that happened, Boeing had been trying to ramp up production after years of crisis after two fatal crashes and the coronavirus pandemic.

Boeing shares rose by 1.9% in pre-market trading.

In a message to Boeing employees, Ortberg said he was pleased the union had ratified a deal.

Read More