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ST. LOUIS, Oct. 29, 2025 – The Boeing Co. on Wednesday reported $23 billion in third-quarter revenue, a $76 billion defense backlog, and that it is cash-flow positive for the first time since 2023 — all while more than 3,200 IAM Union (International Association of Machinists and Aerospace Workers) District 837 members remain on strike in St. Louis, fighting for the fair contract they’ve earned building America’s most advanced defense aircraft and weapons systems.
IAM District 837 members build and support the production of the F-15EX, F/A-18, T-7A, MQ-25, and the future F-47 fighter jet — programs essential to keeping our servicemen and women safe and strengthening U.S. and allied national defense. Boeing’s failure to propose a fair contract has already led the U.S. Air Force to publicly acknowledge that F-15EX deliveries are delayed.
During Wednesday’s earnings call, Boeing executives acknowledged the ongoing strike and discussed contingency plans to “mitigate” its impact. At the same time, they spoke about building a new “culture” within the company.
“Boeing’s so-called contingency plan is failing because they can’t replace the skill, precision, and experience of IAM Union members in St. Louis who have spent their careers building the world’s most advanced military products,” said IAM Union International President Brian Bryant. “If Boeing is serious about culture change and rebuilding its brand, it starts with respecting the people who make its success possible — not trying to sideline them. Investors must also take into account Boeing’s continued failure to manage labor relations responsibly. The company’s refusal to engage in fair bargaining is not only hurting workers and national defense programs — it’s a risk to Boeing’s long-term stability, reputation, and credibility.”
Boeing also acknowledged significant future investments in its St. Louis operations, following its success in winning the contract to build the F-47 — a testament to the unmatched skill and dedication of IAM Union members.
“The workers whose craftsmanship and innovation made these investments possible deserve to share fully in the prosperity they’ve helped create,” Bryant added.
Boeing’s improved results and optimism are a tribute to its workforce. Across the country, IAM Union members in Boeing’s commercial aviation facilities continue to deliver the high-quality aircraft that drive the company’s recovery and long-term success.
“Boeing’s executives can talk about transformation all they want, but the real transformation begins when they treat all employees as one Boeing,” Bryant continued. “The company hasn’t delivered a single new F-15 during this 13-week strike, and production delays are now rippling into the 777X program. It’s time for Boeing to end this strike, get our members back to work, and live up to the values they claim to be rebuilding.”
The IAM Union continues to bargain in good faith. On Monday, the union presented Boeing with a modified contract proposal that included a significant concession on 401(k) improvements in an effort to move closer to a deal. Boeing summarily rejected the offer without making a counterproposal, prompting the IAM Union to submit a second Unfair Labor Practice charge against the company for refusing to bargain in good faith.
This prolonged work stoppage has already drawn bipartisan concern in Congress. On Wednesday, 16 bipartisan members of the House Armed Services Committee urged Boeing to negotiate in good faith, warning that the strike is worsening delivery delays and raising serious national security concerns.
The IAM Union (International Association of Machinists and Aerospace Workers) is one of North America’s largest and most diverse industrial trade unions, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, shipbuilding, railroad, transit, healthcare, automotive, and other industries across the United States and Canada.
