Boeing shares rise as strike averted, FAA clears plan to resume 787 deliveries

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Boeing shares rise as strike averted, FAA clears plan to resume 787 deliveries
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Beoing's stock price surged Monday after news that the company averted strikes at three defense plants and would soon restart deliveries of 787 Dreamliners across the globe.

Waving signs like"coercion is not consent," and"stop the mandate," some 200 Boeing Co. employees and others staged a protest on Friday over the planemaker's COVID-19 vaccine requirement for U.S. workers.

Bensenville, IL, USA - April 23 2021: American Airlines Boeing 787 Dreamliner taxies to the terminal after landing at Chicago O'Hare International Airport.in recent months while the company awaited approval to resume Dreamliner deliveries. The company reported a profit of $160 million from April-June this year, compared to $560 million in the same months last year.

The constant delays in approval for Dreamliner deliveries has placed the company in the undesirable position of having $25 billion worth of aircraft sitting in inventory, according to the Wall St. Journal.

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