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Business/Financial

Boeing Machinists Approve New Four-Year Contract

Defense Daily Staff

Friday, December 9th, 2011

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Boeing [BA] employees that are members of a machinists union late Wednesday approved a four-year contract that allows the company to begin planning for the production ramp up of its new 737 MAX commercial aircraft and gives it workforce stability moving forward. The contract was ratified by 74 percent of the International Association of Machinists & Aerospace Workers (IAM) in Washington, Oregon and Kansas. The new contract, ratified nine months before the current contract was set to expire, runs to…

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