:

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…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]