:

Business/Financial

Machinists Union Agrees To Revised Boeing Contract Offer, Averting Defense Strike

By Cal Biesecker

Wednesday, August 3rd, 2022

SHARE:

Machinists Union Agrees To Revised Boeing Contract Offer, Averting Defense Strike

F/A-18 Hornet (Photo: Boeing)

Union members representing Boeing [BA] defense plants in and around St. Louis, Mo., on Wednesday ratified a modified contract offer from the aerospace and defense giant that improves retirement plans, increases pay and provides other benefits, ending the threat of a strike where the company builds fighter jets, unmanned aircraft and a military trainer. The International Association of Machinists and Aerospace Workers (IAM) District 837, which represents nearly 2,500 Boeing employees in the St. Louis area, on July 24 rejected…

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]