:

Business/Financial

Boeing Machinists In St. Louis Agree To Contract Extension

By Cal Biesecker

Tuesday, February 25th, 2014

SHARE:

Boeing Machinists In St. Louis Agree To Contract Extension

International sales of Boeing's F/A-18E/F Super Hornet fighter jet is helping offset declining domestic revenues. Photo: Boeing.

Boeing [BA] on Sunday said its machinist union employees in St. Louis approved a long-term contract extension that results in $80 million in non-cash pension charges in the first quarter but also better positions the company to compete for defense work performed in the region. Boeing builds the F/A-18E/F, F-15, and EA-18G aircraft along with weapons and support programs in the St. Louis region. The company said in the coming months it will be bidding for work that could extend…

Congress

Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans

Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]