Boeing to Raise Up to $19 Billion to Shore Up Finances, Stave Off Downgrade

Boeing to Raise Up to $19 Billion to Shore Up Finances, Stave Off Downgrade
Boeing branding is seen at the Farnborough International Airshow in Farnborough, Britain, on July 22, 2024. Toby Melville/Reuters
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Boeing on Monday launched a stock offering that could raise up to $19 billion as the planemaker looks to strengthen its finances squeezed by an over month-long strike by its workers and preserve its investment-grade credit rating.

The company is offering 90 million in common stock and $5 billion in mandatory convertible securities.