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Business/Financial

Boeing Machinists In St. Louis Agree To Contract Extension

By Cal Biesecker

Tuesday, February 25th, 2014

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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…

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