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Union staff approved a new labor agreement on Sunday with Raytheon Applied sciences (NYSE:RTX) subsidiary Pratt & Whitney at two Connecticut jet engine vegetation, avoiding a probably pricey strike.
The 2 amenities manufacture engines for Raytheon’s F-35 stealth fighter, Airbus’s (OTCPK:EADSY) (OTCPK:EADSF) A320 business airliner and Boeing’s (BA) KC-46 air refueling tanker.
The three-year contract accredited by ~3K members of the Worldwide Affiliation of Machinists and Aerospace Employees consists of increased wages, improved well being care protection and enhanced job safety, based on the union.
Raytheon (RTX) is well-positioned to seize a brand new cycle of protection business spending amid the continued Russia-Ukraine battle, BOOX Analysis writes in a bullish analysis posted recently on Seeking Alpha.
