02:46 PM EST, 11/12/2024 (MT Newswires) -- Boeing ( BA ) reported a drop in deliveries in October sequentially and annually as a labor strike that lasted for more than seven weeks impacted aircraft production.
The jet maker delivered 14 aircraft last month, compared with 33 in September and 34 in October 2023. The latest count marked Boeing's ( BA ) lowest monthly total since November 2020, Bloomberg News reported.
October's deliveries included nine 737 Max aircraft, data on its website showed Tuesday.
Boeing ( BA ) last week reached a labor deal with members of the International Association of Machinists and Aerospace Workers union that represents about 33,000 of Boeing's ( BA ) employees that had been on strike since mid-September.
Union-represented workers are required to return to work by Tuesday, according to information posted on Boeing's ( BA ) website. The company didn't respond to MT Newswires' request for comment on the latest delivery numbers.
"As a result of the strike, production of our commercial aircraft, other than the 787 production in Charleston, and certain of our Defense, Space & Security products has halted, adversely impacting our business and financial position," Boeing ( BA ) said late last month.
Orders totaled 63 in October, down from 65 in September and more sharply from 123 in October 2023, according to Boeing's ( BA ) data. Shares of the company declined 2% in afternoon trade.
In October, the company reported a larger-than-expected adjusted loss for the third quarter and announced an offering of 90 million common shares as the strike dragged on.
The Federal Aviation Administration issued a safety alert in October regarding the potential for limited or jammed rudder movement for certain Boeing 737 models.
The company received 378 orders and delivered 305 planes this year through the end of October.
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