Boeing's (NYSE: BA) contract extension offer was approved today by members of the International Association of Machinists & Aerospace Workers District 751 (IAM). Under the terms of the eight-year contract extension, the 777X and its composite wing will be built in the Puget Sound area by Boeing employees represented by the IAM. This work includes fuselage build, final assembly and major components fabrication such as interiors and wires.
"Thanks to this vote by our employees, the future of Boeing in the Puget Sound region has never looked brighter," said Boeing Commercial Airplanes President and CEO Ray Conner . "We're proud to say that together, we'll build the world's next great airplane—the 777X and its new wing – right here. This will put our workforce on the cutting edge of composite technology, while sustaining thousands of local jobs for years to come."
Source: The Boeing Company (NYSE: BA)
Date: Jan 4, 2014