Boeing Co.’s largest union balked at a company proposal to freeze pensions in exchange for rights to build the new 777 in Washington, casting doubt over the future of manufacturing at the planemaker’s Seattle hub.
Boeing Co. has billions of dollars in cost savings at stake as its largest union votes on a labor agreement today that would end pensions in exchange for keeping work on the newest 777 jet at the company’s Seattle hub.
Etihad Airways is in talks to buy as many as 30 of Boeing Co.’s upgraded 777 jets, a deal with a list value of about $10.2 billion, as the planemaker prepares to unveil the new model, people familiar with the matter said.
At Huntington Ingalls Industries Inc.’s 665-acre shipyard in Pascagoula, Mississippi, shipbuilding unit president Irwin Edenzon says picking up a scrap of paper in the parking lot may prevent delays in building a $2.9 billion amphibious assault ship.
Boeing Co. said a merger that would transform rival European Aeronautic, Defence & Space Co. into the world’s biggest aerospace business may be intended to win more sales in the U.S., the largest defense market.