Latest news with #BoeingDefense
Yahoo
2 days ago
- Business
- Yahoo
Boeing Workers Reject Contract Offer, Strike Looms
Boeing (BA, Financials) is facing labor unrest after members of the International Association of Machinists and Aerospace Workers District 837 voted against the company's proposed four-year contract. The offer included a 20% wage hike, a $5,000 ratification bonus, and expanded vacation and sick leave. Warning! GuruFocus has detected 6 Warning Signs with BA. The union said the offer "fell short" of worker expectations, despite the proposal being described by Boeing as the "richest" ever made to this unit. The current contract is set to expire Sunday, followed by a mandatory seven-day cooling-off period before a strike can begin. Dan Gillian, vice president and general manager of Boeing's Air Dominance division, said the company is activating its contingency plan and preparing for work stoppages. No further negotiations are scheduled. The dispute comes as Boeing Defense ramps up manufacturing of the F-47 fighter jet under the U.S. Air Force's Next Generation Air Dominance program, a key replacement for the aging F-22 Raptor fleet. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
New York Post
3 days ago
- Business
- New York Post
Boeing machinists reject new contract as company now preps for imminent strike
Union members who assemble Boeing's fighter jets in the St. Louis area have 'overwhelmingly voted' to reject the company's contract offer on Sunday, with the company now preparing for an imminent strike. Boeing's proposal, which was sent on Tuesday to more than 3,200 members of the International Association of Machinists and Aerospace Workers District 837, included a 20% general wage increase over four years and a $5,000 ratification bonus, as well as more vacation time and sick leave. 'The proposal from Boeing Defense fell short of addressing the priorities and sacrifices of the skilled IAM Union workforce,' the union said. 3 Boeing 737 MAX aircraft are assembled at the companys plant in Renton, Washington, US June 25, 2024. via REUTERS 3 An employee works on the fuselage of a Boeing 737 MAX 9 test plane. outside the company's factory, on March 14, 2019 in Renton, Washington. Getty Images Dan Gillian, Boeing's Air Dominance vice president, general manager and senior St. Louis Site executive said in an emailed statement that it is disappointed Boeing employees voted down 'the richest contract offer we've ever presented to IAM 837 which addressed all their stated priorities.' 'We've activated our contingency plan and are focused on preparing for a strike. No talks are scheduled with the union,' Gillian added. 3 This graphical rendering provided by the U.S. Air Force shows the Next Generation Air Dominance (NGAD) Platform, the F-47. On Friday, March 21, 2025. AP The current contract expires on Sunday following which there is a seven-day cooling off period before a strike would begin, the union added. Boeing's defense division is expanding manufacturing facilities in the St. Louis area for the new US Air Force fighter, the F-47, after it won the contract earlier this year. The Next Generation Air Dominance fighter jet program, initially conceived as a 'family of systems' centered around a sixth-generation fighter jet, is meant to replace the F-22 Raptor.
Yahoo
23-07-2025
- Business
- Yahoo
Boeing sends contract offer to union members
(Reuters) -Boeing sent a contract offer on Tuesday to union members who assemble its fighter jets in the St. Louis area. The company's proposal includes a 20% general wage increase over four years and a $5,000 ratification bonus, as well as more vacation time and sick leave. 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's defense division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter, the F-47, after it won the contract earlier this year. The company is expected to expand its workforce in the coming years, as well. Solve the daily Crossword
Yahoo
22-07-2025
- Business
- Yahoo
Boeing sends contract offer to union members
(Reuters) -Boeing sent a contract offer on Tuesday to union members who assemble its fighter jets in the St. Louis area. The company's proposal includes a 20% general wage increase over four years and a $5,000 ratification bonus, as well as more vacation time and sick leave. 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's defense division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter, the F-47, after it won the contract earlier this year. The company is expected to expand its workforce in the coming years, as well. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
22-07-2025
- Business
- Reuters
Boeing sends contract offer to union members
July 22 (Reuters) - Boeing (BA.N), opens new tab sent a contract offer on Tuesday to union members who assemble its fighter jets in the St. Louis area. The company's proposal includes a 20% general wage increase over four years and a $5,000 ratification bonus, as well as more vacation time and sick leave. 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's defense division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter, the F-47, after it won the contract earlier this year. The company is expected to expand its workforce in the coming years, as well.
