The ongoing strike by 33,000 members of the International Association of Machinists (IAM) against Boeing, which began on September 13, has led to significant financial losses, estimated at $1.4 billion for the company, employees, and suppliers combined as of September 27. Boeing's attempts to negotiate a new contract with the IAM have stalled over disagreements on wage increases and pensions, with the union rejecting a proposal that included a 30% pay hike. The strike has also triggered cost-cutting measures from Boeing, including a hiring freeze and furloughs for nonunion employees, amidst concerns of potential credit rating downgrades. The economic impact is felt nationwide, with a projected $1 billion reduction in U.S. GDP, including $700 million in Washington State, highlighting the extensive fallout from halted production. The IAM has expressed a willingness to negotiate alternatives to pensions but demands more than Boeing's latest offer. As the strike continues, both the company and its suppliers face mounting pressure, with estimates indicating that losses will escalate if an agreement is not reached soon.