Spirit AeroSystems and SPEEA Reach Tentative Contract Agreement | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-11.10.25

AirborneNextGen-
11.11.25

Airborne-Unlimited-11.12.25

Airborne-Unlimited-11.06.25

AirborneUnlimited-11.07.25

LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Thu, Nov 07, 2024

Spirit AeroSystems and SPEEA Reach Tentative Contract Agreement

Union Negotiators Urge Engineers to Accept New Proposal

Spirit AeroSystems, a designer and supplier of Airbus and Boeing parts, has reached a tentative agreement with the bargaining team for its engineer union. The new four-year contract would provide significant increases to salary, bonuses, 401k, and PTO.

The deal expands the budget available for pay raises by at least 19% over the four-year contract life. It features a minimum 5% bonus next Spring, improvements to Spirit’s 401k contribution in 2026, and additional paid time off for vacations, sick days, and new parents.

The offer also includes two letters of understanding. The first lays out the partnership between Spirit AeroSystems, SPEEA, and the FAA, and the other protects engineers who report safety issues.

The Society of Professional Engineering Employees in Aerospace (SPEEA) negotiating unit is urging the union to accept the offer.

“While negotiations always involve give and take, the team unanimously recommends the offer based on the significant improvements in key areas, including wages, benefits, and work-life balance,” commented Rich Plunkett, SPEEA’s director of strategic development and primary negotiating team representative.

The complete contract will soon be posted on the SPEEA website for review, and discussions will be held starting the week of November 18. The union, which represents over 1,000 of Spirit’s engineers, can begin submitting mail-in votes as early as November 14.

Spirit AeroSystems, based in Wichita, Kansas, is an aerostructure manufacturer. It develops and supplies fuselage parts, wings, flight deck sections, nacelles, and other components for Airbus and Boeing’s commercial aircraft.

With prices rising and both mega manufacturers facing startlingly high losses, however, Spirit AeroSystems has been put in an uncomfortable spot. Boeing agreed to purchase Spirit in July through a $8.3 billion deal. 

“After carefully evaluating Boeing’s offer to combine, we are confident this transaction is in the best interest of Spirit and its shareholders, and will benefit Spirit’s other stakeholders,” stated Patrick Shanahan, Spirit President and CEO. “Bringing Spirit and Boeing together will enable greater integration of both companies’ manufacturing and engineering capabilities, including safety and quality systems.”

FMI: www.spiritaero.com

Advertisement

More News

NTSB Prelim: Sikorsky UH60 Sikorsky UH-60

Sikorsky UH-60 Black Hawk Helicopter Collided With An Unregistered DJI Mavic 3T Unmanned Aerial Vehicle On July 7, 2025, about 1557 central daylight time, an unregistered Sikorsky >[...]

Aero-News: Quote of the Day (11.13.25)

“After considering the measures taken, minimum liquidity covenants in the Company's current debt obligations and cash flows to maintain current operational obligations requir>[...]

ANN's Daily Aero-Term (11.13.25): Ground Clutter

Ground Clutter A pattern produced on the radar scope by ground returns which may degrade other radar returns in the affected area. The effect of ground clutter is minimized by the >[...]

ANN's Daily Aero-Linx (11.13.25)

Aero Linx: Warbirds of America The EAA Warbirds of America, a division of the Experimental Aircraft Association in Oshkosh, Wisconsin, is a family of owners, pilots and enthusiasts>[...]

Airborne 11.07.25: Affordable Expo Starts!, Duffy Worries, Isaacman!

Also: Louisville UPS Crash Aftermath, Taiwan Boosts Pilot Pool, Spartan Acquires, DON’T MISS the MOSAIC Town Hall! This three-day Affordable Flying Expo brings together indoo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC