Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems.
Reportedly, Boeing has agreed to a tentative deal with its engineers’ union in the extension of its labor contract by four years. As per the agreement, the incentive plan to be raised to 5% from 3.85% along with fixed salary adjustment funds for each year from 2020 through 2026 with Boeing’s current contract to expire in 2022. The deal with the Society of Professional Engineering Employees in Aerospace (SPEEA) to cover approx 18,000 engineering and technical employees, as informed.
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