Aerospace Group:

Business/Financial

Analyst Says Boeing’s New Machinists’ Contract ‘Watershed Event’

By Cal Biesecker

Monday, January 6th, 2014

SHARE:

Analyst Says Boeing’s New Machinists’ Contract ‘Watershed Event’

Boeing 777X aircraft. Photo: Boeing

Approval of a new contract by an aerospace workers union that will allow Boeing [BA] to build its new 777X passenger plane in Seattle will save the company hundreds of millions of dollars annually and thereby improve its long-term competitiveness, Jefferies aerospace and defense analyst Howard Rubel says in a note to clients today. The eight-year contract extension by members of the International Association of Machinists & Aerospace Workers District 751 on Saturday was a “watershed event” for Boeing, Rubel…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]