Boeing’s striking machinists are set to vote on a new contract proposal that could end their seven-week-long strike. The latest offer includes a 38% wage increase over four years, up from the previously rejected 35%. This vote could determine the fate of the strike and the future of Boeing’s operations.
Results for: Contract
Boeing and the International Association of Machinists (IAM) have reached a tentative agreement, potentially ending a 49-day strike. The deal includes a significant wage increase over four years and a ratification bonus. Workers will vote on the proposal on Monday, November 4th. If approved, production will gradually resume, potentially boosting Boeing’s stock price.
Parsons Corporation has secured a significant contract from the U.S. Army Corps of Engineers to build new army housing units in the Kwajalein Atoll, Republic of the Marshall Islands. This is Parsons’ second such contract in less than a year, demonstrating the company’s expertise in building infrastructure in challenging environments. The contract also includes the company’s qualification for future large task orders valued at $50 million or more within the USACE Honolulu District’s jurisdiction.
Air Industries Group (AIRI) has secured a substantial $110 million contract to produce Thrust Struts for Geared Turbo-Fan (GTF) aircraft jet engines. This seven-year contract, commencing in January 2025, will significantly boost the company’s backlog to over $280 million, marking a major milestone for the aerospace component manufacturer.
LeBron James has opted out of his final year with the Lakers, paving the way for a new three-year contract. His priority is roster improvement, and he’s even willing to take less money to help the Lakers acquire a significant player. James, who wants to play with his son Bronny before retiring, is aiming to finish his legendary career in Los Angeles.
The debate surrounding Mohamed Salah’s future has intensified after a heated spat between club legends. While some fans are saddened by Salah’s reaction, others sympathize with his frustrations, considering his contributions to the club. The decision is complicated by his contract situation and Saudi Arabian interest. However, it’s crucial to assess Salah’s performance objectively, recognizing his consistent output despite a shift in positioning. His underlying numbers, including expected goals and assists, remain impressive, placing him among the Premier League’s elite in chance creation. While decline may be inevitable, it’s essential to evaluate the player he is now and not just his past self.
The Pittsburgh Steelers have elected not to exercise their team option for the 2025 season in quarterback Justin Fields’ contract, according to a report by ESPN. The option would have guaranteed Fields, the 11th overall pick in the 2021 NFL Draft, a salary of $25.7 million in 2025. Fields, who was acquired from the Chicago Bears in a trade last month, has a base salary of $1.6 million for the 2024 season. The Steelers have until May 2 to decide on the fifth-year options for Fields as well as running back Najee Harris.
Tobias Harris, acquired by the Philadelphia 76ers in February 2019, has shown potential but failed to meet expectations. Despite a near-max contract extension, Harris’ performance has been underwhelming, averaging 17.6 points, 6.5 rebounds, and 3.1 assists since the extension. With the 76ers facing elimination in the first round of the playoffs, Harris’ playoff performance will be crucial in determining his future value.
Finn Balor has re-signed with WWE on a multi-year deal, according to Fightful Select. The contract, which is believed to be for a significant amount of money, will keep Balor with WWE for the foreseeable future. Balor’s contract was set to expire in the coming months, and there had been speculation that he could leave WWE for another promotion, such as AEW. However, Balor has now committed his future to WWE, and it is expected that he will be a key part of the company’s plans going forward.
Brock Purdy, despite leading the 49ers to the brink of a Super Bowl victory in his first full season as a starter, remains focused on improving rather than contract negotiations. The 49ers are reportedly anticipating Purdy to become the highest-paid player in NFL history, but Purdy insists that his attention is solely on winning and getting better.