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Boeing Extends With Society of Professional Engineering Employees in Aerospace (SPEEA)

By John F. Heerdink, Jr.

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.

To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Boeing to extend labor contract with engineer's union by four years in Reuters)


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