For eight straight months, Boeing (NYSE:BA) and its engineers' union, the Society of Engineering Employees in Aerospace, have tried to hammer out a re-up for their labor agreement of four years ago. This week, as federal negotiating specialists looked on, the negotiations ground to a complete halt.

Find out what went wrong, what's next for the warring parties -- and what it all means for Boeing parts suppliers such as Honeywell (NYSE:HON), General Electric (NYSE:GE), and Spirit AeroSystems (NYSE:SPR). Fool contributor Rich Smith explains in the following video.

Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of General Electric. Motley Fool newsletter services recommend Spirit AeroSystems Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.