I am impressed that the IAM showed more sense than I gave them credit for.
This is a win all around. The IAM gets a deal that almost all skilled labor groups will envy, Boeing gets to focus on making planes, and the Puget Sound gets the project.
I am glad to see the IAM did the right thing.
Reuters reported that 8,000 members did not vote. Surprising given the importance of the vote.
I never did see a report on the number who did not vote last time.
But as an investor, I just wanted to see this issue put to bed one way or another. Hopefully now they can concentrate on production and delivery increases. 2014 looks like a very competitive year as Airbus tries to increase their market share. That is the real threat.
Maybe in commemoration of this vote, you can be a better pump monkey. Much of what you post is already there on pages you must go through to get to this one. And it's especially valuable to my investments when you post that Paine Field is foggy.
It was IAM personnel who wanted to keep their jobs who prevailed. That was a majority of younger members who saw the writing on the wall and wanted to keep their families in Washington state instead of having to relocate their families.
More of the 777X will be insourced then outsourced. Boeing management and the customers didn't want to outsource as much of the 777x as they did the 787. Concessions needed to be made, it wasn't IAM leaders who wanted concessions to be made, it was the people in the IAM who voted for concessions and will keep their jobs.