Local union leaders are recommending that the more than 3,200 members of the International Association of Machinists and Aerospace Workers District 837 approve the contract when they vote on Sunday, the day it expires.

Boeing (NYSE:BA) on Tuesday forecast a significant long-term need for new aviation professionals, projecting that the global commercial aviation industry will require nearly 2.4 million pilots, technicians and cabin crew members over the next two decades.

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Boeing has kicked off production of its newest freight carrier, the 777-8, the Seattle Times reported on Tuesday.

The top Boeing shareholders are David L. Calhoun, Stanley A. Deal, Theodore Colbert III, Vanguard Group, BlackRock, and Capital Research Global Investors.

The Boeing Co. originally sold the 310-acre site to California-based commercial real estate firm Panattoni Development Co. as part of a larger round of Boeing property sales in the area in 2021. The site sold at that time for $200 million.

The first spar for the 777‑8 Freighter was officially drilled into production at Boeing's Composite Wing Centre in Everett, WA.

With just one drill hole, Boeing has officially begun production for the newest member of its 777X family: the 777-8 freighter.