The Boeing Company (BA) is facing a potential strike as workers at its St. Louis defense hub rejected a contract offer, despite the proposal including a 20% wage boost over four years, a $5,000 ratification bonus, and more benefits. The rejection has led to a seven-day cooling-off period for management to sweeten the offer, but the company is preparing for a strike. Industry experts warn that any labor strife could be costly for Boeing’s defense division, which is currently expanding manufacturing in St. Louis, especially after winning a contract for the F-47 fighter jet.

Read more at Yahoo Finance: The Boeing Company (BA) Prepares for Strike as Workers Reject Contract Offer