Latest news with #IAM
Yahoo
2 days ago
- Business
- Yahoo
The Boeing Company (NYSE:BA)'s Defense Workers Strike After Rejecting Contract Offer
The Boeing Company (NYSE:BA) is among the 11 Best Large Cap Defense Stocks to Buy According to Analysts. The aircraft manufacturer is encountering a major labor strife, as more than 3,000 defense unit workers have gone on strike after turning down a contract offer. Late last month, union members at the company's St. Louis defense hub overwhelmingly voted to reject a contract offer, which proposed a 20% wage boost over four years, a $5,000 ratification bonus, more vacation time, and sick leaves. The vote was followed by a week-long cooling-off period, which ended on August 3. The International Association of Machinists and Aerospace Workers (IAM) rejected the proposal, saying it fell short of addressing the priorities and sacrifices of the workforce. Earlier this week, CNBC quoted Tom Boelling, an IAM District 837 directing business representative, as saying the following: 'IAM District 837 members have spoken loud and clear, they deserve a contract that reflects their skill, dedication, and the critical role they play in our nation's defense. We stand shoulder to shoulder with these working families as they fight for fairness and respect on the job.' The workers maintain and assemble the F-15 fighter jet and missile systems. This is the group's first strike since 1996. It comes as a setback for The Boeing Company (NYSE:BA), as it was expanding manufacturing in the St. Louis area, especially after winning the contract for the F-47 fighter jet earlier this year. While we acknowledge the potential of BA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Low Priced Defense Stocks to Buy Now and 10 Best Aerospace Stocks to Buy Now. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
5 days ago
- Business
- Business Wire
Tuskira Upgrades Agentic AI for Security Operations
SAN FRANCISCO--(BUSINESS WIRE)--Tuskira today announced significant upgrades to its Agentic AI Workforce, expanding the platform's reach across investigation, simulation, and autonomous mitigation. The enhanced platform brings control-level response to the frontlines of threat operations in simulating live threats, validating business impact, and neutralizing exposures before escalation or downstream response is needed. Designed to help overwhelmed security operations teams move from reactive triage to preemptive defense, Tuskira's domain-trained AI Analysts simulate real-world risk from CVEs, zero-days, and threat advisories, tracing potential blast radius across identity, endpoint, and cloud-native applications. The result is a fully autonomous system that transforms raw telemetry into threat-centric action, without waiting for a patch cycle or escalation queue. 'Security teams are drowning in signals and short on time,' said Piyush Sharma, CEO and co-founder of Tuskira. 'We built our AI Analysts to think like operators, not search engines. They achieve this by leveraging an AI semantic context engine and specialized private models, enabling them to dramatically reduce the time to assess, test defenses, and execute the most impactful mitigations. These upgrades elevate us from fast triage to true preemptive response, surfacing critical threats that are often buried in advisories.' The upgraded Tuskira platform introduces four critical advancements designed to streamline threat identification and accelerate response. AI-Powered threat investigation now enables the platform to automatically ingest and interpret external threat advisories, CVEs, and zero-day alerts, then simulate whether those risks are actually exploitable inside a customer's environment. This eliminates guesswork and gives analysts immediate clarity on what matters most. Building on that insight, preemptive remediation and response allow Tuskira to recommend and apply compensating controls across SIEM, EDR, WAF, and IAM tools, well before patches are available. By acting through the tools already in place, it secures exposure gaps and reduces dwell time without requiring new infrastructure. With the addition of application-aware defense, the platform now models cloud-native and VMware application environments, simulating how attackers move across service configurations and identity paths to reach sensitive assets. Finally, Tuskira's upgraded simulation engine brings together attack telemetry and control effectiveness to determine true exploitability. It not only shows where defenses break down, but also why, and what action to take immediately to stop real-world threats before they escalate. Security teams using Tuskira are seeing: 95% alert noise reduction before Tier 1 10x analyst capacity via autonomous triage and hunting Real-time response with no ticket queues or manual handoffs 'They showed us where the real threats were, then mitigated them faster than we could assign a ticket,' said the CISO of a global retail brand. 'What used to take three engineers and a red team now happens continuously.' To see the AI Analysts in action, visit or stop by Booth 6521 at Black Hat USA 2025. About Tuskira Tuskira is an AI-native platform for autonomous security operations. Its domain-trained AI Analysts simulate attacks, validate defenses, and mitigate threats in real time, using telemetry from 150+ tools and a continuously updated digital twin of your environment. Tuskira delivers autonomous defense that spans investigation, validation, and response across the entire stack. By shifting security operations from human-led reaction to AI-augmented action, Tuskira helps enterprises close exposure gaps, improve analyst effectiveness, and increase ROI across the stack.
Canada News.Net
5 days ago
- Business
- Canada News.Net
Boeing workers reject deal, plan strike at key defense plants
NEW YORK CITY, New York: Thousands of Boeing workers who build the company's fighter jets are preparing to go on strike, after voting down a modified labor agreement that union leaders say falls short of addressing key concerns around job security and benefits. Roughly 3,200 workers across Boeing's facilities in St. Louis, St. Charles, Missouri, and Mascoutah, Illinois, plan to walk off the job starting at midnight Central Time on Monday, the International Association of Machinists and Aerospace Workers (IAM) announced Sunday. "IAM District 837 members build the aircraft and defense systems that keep our country safe," said Sam Cicinelli, the union's Midwest territory general vice president. "They deserve nothing less than a contract that keeps their families secure and recognizes their unmatched expertise." The vote marks the second time in recent weeks that members have rejected a Boeing proposal. The latest offer came after a previous deal, described by union leaders at the time as a "landmark agreement", was also turned down. That earlier version included a 20 percent wage increase over four years, as well as improvements to medical, pension, and overtime benefits. After a one-week cooling-off period, members once again rejected Boeing's revised proposal, triggering plans for a strike. "We're disappointed our employees rejected an offer that featured 40 percent average wage growth and resolved their primary issue on alternative work schedules," said Dan Gillian, Boeing Air Dominance vice president and general manager. "We are prepared for a strike and have fully implemented our contingency plan to ensure our non-striking workforce can continue supporting our customers." The strike action adds to a turbulent period for Boeing, which has faced ongoing scrutiny over safety and financial performance following a string of high-profile incidents. The company's reputation was first rocked by the fatal crashes of two 737 Max aircraft in 2018 and 2019, one in Indonesia, the other in Ethiopia, that killed a total of 346 people. More recently, in June, a Boeing Dreamliner operated by Air India crashed, resulting in at least 260 fatalities. Despite the setbacks, Boeing reported improved financial results last week. The company posted a second-quarter loss of US$611 million, down from a $1.44 billion loss during the same period the previous year, while revenue increased, offering some signs of stabilization. Still, the looming strike by defense sector workers threatens to disrupt a critical line of business: Boeing's military aircraft division, which includes production of fighter jets and defense systems.
Yahoo
7 days ago
- Business
- Yahoo
Boeing defense workers launch strike over contract dispute
Thousands of members of a union representing Boeing defense industry workers in the US states of Missouri and Illinois went on strike Monday after rejecting a contract proposal. In a post on X, the International Association of Machinists & Aerospace Workers said: "3,200 highly-skilled IAM Union members at Boeing went on strike at midnight because enough is enough. "This is about respect and dignity, not empty promises." It came hours after the union said in a statement that members at Boeing facilities in Missouri and Illinois had voted to reject a modified four-year labor agreement with Boeing. The St. Louis local's stoppage follows a bruising Boeing strike last fall in the Pacific Northwest region of some 33,000 workers that halted production at factories that assemble Boeing commercial planes. Local broadcast media showed footage of workers picketing outside the St. Louis factory. Members of the union's local chapter "have spoken loud and clear, they deserve a contract that reflects their skill, dedication, and the critical role they play in our nation's defense," said IAM District 837 representative Tom Boelling. The American aerospace giant's initial proposal, which included a 20 percent wage increase over four years and more vacation time, was rejected a week earlier. The new offer doubled the wage increase, according to Boeing. "We're disappointed our employees rejected an offer that featured 40 percent average wage growth and resolved their primary issue on alternative work schedules," Dan Gillian, Boeing Air Dominance vice president and senior St. Louis, Missouri site executive, said in a statement. "We are prepared for a strike and have fully implemented our contingency plan to ensure our non-striking workforce can continue supporting our customers." The storied company has been in crisis since last year due to production quality issues and a seven-week strike that crippled two of Boeing's major assembly plants. IAM is one of North America's largest unions, representing some 600,000 members in aerospace, defense, shipbuilding, transportation, health care, manufacturing and other industries. Products produced at Boeing's St. Louis operation include the F-15 and F-18 combat aircraft, the T-7 Red Hawk Advanced Pilot Training System and the MQ-25 unmanned aircraft. The site was originally part of the McDonnell Douglas company, which Boeing acquired in 1997. Boeing Chief Executive Kelly Ortberg described the business hit from the strike in Missouri as manageable, noting that the operation has a far smaller number of workers compared with those who went on the picket lines last fall. "I wouldn't worry too much about the implications of the strike," Ortberg said on an earnings conference call. "We'll manage our way through that." Shares of Boeing rose 0.2 percent on Monday. ni-jmb/des Solve the daily Crossword
India Today
04-08-2025
- Business
- India Today
Thousands of Boeing fighter jet workers go on strike after rejecting contract offer
Boeing's defence operations faced disruptions on Monday as thousands of union workers went on strike, halting assembly lines for fighter jets and missile systems. The strike began after members of the International Association of Machinists and Aerospace Workers (IAM) District 837 overwhelmingly rejected Boeing's latest contract 3,200 workers have walked off the job in what marks their first strike in nearly 30 years. The affected workers, primarily based in the St. Louis region, are responsible for assembling and maintaining military aircraft, including the F-15 fighter jet and various missile systems. advertisementWORKERS TURN DOWN OFFERBoeing offered a 20% wage increase, a $5,000 signing bonus, and better retirement benefits in its final contract proposal. The company said the package would raise the average machinist's pay from $75,000 to more than $102,000 — a 40% increase when factoring in all proposed changes, according to union members rejected the offer, saying it fails to reflect their value or keep pace with increasing living costs."IAM District 837 members have spoken loud and clear—they deserve a contract that reflects their skill, dedication, and the critical role they play in our nation's defence," said Tom Boelling, directing business representative for the union. "We stand shoulder to shoulder with these working families as they fight for fairness and respect on the job," he added. BOEING ACTIVATES STRIKE PLANBoeing said it was disappointed by the outcome but added it was prepared for a strike and had contingency plans in place."We are prepared for a strike and have fully implemented our contingency plan to ensure our non-striking workforce can continue supporting our customers," said Dan Gillian, vice president at Boeing and senior executive at the St. Louis site, in a written the strike is expected to disrupt some defence manufacturing operations, Boeing CEO Kelly Ortberg downplayed the potential impact during an earnings call last week."We'll manage through this. I wouldn't worry too much about the implications of the strike. We'll manage our way through that," Ortberg Boeing defence walkout is the latest in a wave of labour actions across the aviation industry, driven by workforce shortages and demands for higher pay and better benefits. Union victories have become more common as skilled workers grow increasingly defence division accounted for roughly 30% of its $42 billion in revenue during the first half of the year. Last year, more than 32,000 Boeing machinists in the company's commercial airplane division walked off the job, frustrated by stalled contract talks. The seven-week strike, one of the largest in Boeing's history, ended in November after workers approved a new deal that included 38% pay increases over four years along with several quality-of-life improvements.- Ends
