[ad_1]
Union employees authorized a brand new labor settlement 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 authorized by ~3K members of the Worldwide Affiliation of Machinists and Aerospace Employees contains increased wages, improved well being care protection and enhanced job safety, in keeping with 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 evaluation posted not too long ago on In search of Alpha.
[ad_2]
Source link