Boeing Union Talks Resume on September 8 as BA Shares Eye $205-$210 Level

Boeing (BA) and union representatives for the Society of Professional Engineering Employees in Aerospace (SPEEA) are set to resume contract talks on September 8.

This development provides a timeline for investors to track, potentially removing an overhang from BA shares. SPEEA members are seeking higher general wage increases from Boeing.

According to TheStreet Pro Portfolio, which was long BA shares at the time of publication, direct factory labor accounts for only low single-digit percentages of overall costs to build an aircraft.

Boeing's multi-year backlog and pricing dynamics suggest room to maneuver in negotiations. Increased costs may be outweighed by Boeing's focus on growing delivery and production levels, which could bring greater operating leverage, cash flow, and EPS.