Boeing Machinists Vote to Strike; Postpone 48 Hours

Boeing's largest union voted overwhelmingly to strike last night, but agreed to extend the current contract 48 hours for a last-ditch effort at the bargaining table to avert a walkout.
Federal mediators urged the delay, after 87% of the company's machinists voted to reject Boeing's offer for a new 3-year contract, reports the Wall Street Journal.

A strike could cost the company $100 million a day, as demand for fuel-efficient jetliners has Boeing plants running at full tilt. Particularly at risk would be delivery of the 787 Dreamliner, already almost 2 years behind schedule; 900 of the groundbreaking jetliners have been ordered.