The offer included 35% wage hike, over 4 years, which was comparable to that the members were seeking but it did not restore lost pension benefits. The offer was rejected by 64% of the union membership.

Production, which has been a a standstill, for six weeks, will not resume soon. Without deliveries to bolster its finances, Boeing posted a $6B loss, in the last quarter.

In other news, its Starliner program costs are now $1.8B. Continued issues with the capsule means that they will not recover costs, anytime soon. With the continued success of Space X, some believe that Boeing will shutter the Starliner program and stop the bleeding.