Boeing Could Face An FAA Panel On Software Glitch This Week As Max 10 Certification Delay Holds: Report

Boeing's engineers and technical workers approved a new four-year contract with immediate 10% raises, avoiding a strike. The Society of Professional Engineering Employees in Aerospace represents 17,000 workers. Boeing revised its offer in September after an initial rejection.

Boeing's largest white-collar union approved a new four-year contract offer, avoiding a potential strike. The deal includes a 10% wage increase, 4% annual raises, and a possible 2% performance-based hike. About 68% of the professional unit and 53% of the technical unit voted in favor. The ratification prevents delays in jetliner certification and production. The previous offer was rejected for linking raises to inflation. The last strike was in 2000, lasting 40 days.

The FAA will review a Boeing 737 MAX software issue on Friday that may affect automated flight guidance during landings. Airline officials believe the issue does not pose a safety concern. The FAA delayed 737 MAX 10 certification pending analysis.

The FAA will review a software malfunction in Boeing's 737 Max jets. Boeing's P/S ratio is 1.55, below its historical median. The company's GF Score is 72/100, indicating moderate fundamentals. Insiders have sold more shares than they've bought in the past year. The FAA's review adds to Boeing's regulatory challenges.

The FAA may convene a review panel as soon as Friday to investigate a software glitch in Boeing 737 Max aircraft. The issue, disclosed in August, increases pilot workload during certain landings. Boeing is working on a software update and procedures for pilots. The FAA will delay 737 Max 10 certification until the safety review is complete. Southwest, United, and Alaska Air do not operate affected aircraft.

The Pentagon awarded Boeing the contract to develop the Navy's F/A-XX fighter, adding to its existing $20B Air Force F-47 program contract. Boeing must deliver both programs by the 2030s.