Boeing is moving toward raising up to $25 billion to shore up its troubled financial position
Boeing machinists, labor allies and elected officials rally in Seattle at their union hall on Tuesday, Oct. 15, 2024.Boeing signaled Tuesday that it could raise up to $25 billion in new stock or debt to shore up its balance sheet after years ofThe company said in back-to-back regulatory filings that it could raise the cash over the next three years. It also entered into a new borrowing agreement with lenders to provide short-term protection against a cash crunch.
Boeing workers packed a union hall for raucous rally Tuesday that was intended to show solidarity among strikers. Boeing has burned through more than $1 billion in cash and ended September with $10.3 billion in cash and securities.— around 17,000 jobs — and pushed back the launch of a new model of its large 777 airliner.
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