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MarketScreener Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

BOEING COMPANY (THE)

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Boeing to extend labor contract with engineer's union by four years

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02/14/2020 | 04:32am EST
FILE PHOTO:  A Boeing logo is seen at the company's facility in Everett

U.S. planemaker Boeing Co said it has agreed to a tentative deal with its engineers' union to extend its labor contract by another four years.

Under the agreement, an incentive plan for employees will be raised to 5% of eligible earnings from 3.85%, the company said late on Thursday.

It will also establish fixed salary adjustment funds for each year from 2020 through 2026. Boeing's current contract is set to expire in 2022.

The contract with Society of Professional Engineering Employees in Aerospace (SPEEA) will cover about 18,000 engineering and technical employees, the company said.

The deal was endorsed by SPEEA's board and is expected to be put for voting by the union members between Feb. 24 and March 9, the U.S. planemaker said.

(Reporting by Aakriti Bhalla in Bengaluru; Editing by Arun Koyyur)

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Financials (USD)
Sales 2020 90 942 M
EBIT 2020 5 632 M
Net income 2020 3 814 M
Debt 2020 26 795 M
Yield 2020 2,47%
P/E ratio 2020 48,9x
P/E ratio 2021 18,3x
EV / Sales2020 2,34x
EV / Sales2021 1,80x
Capitalization 186 B
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Mean consensus HOLD
Number of Analysts 24
Average target price 357,48  $
Last Close Price 330,38  $
Spread / Highest target 33,2%
Spread / Average Target 8,20%
Spread / Lowest Target -21,3%
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Managers
NameTitle
David L. Calhoun President, Chief Executive Officer & Director
Lawrence W. Kellner Non-Executive Chairman
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO, EVP-Enterprise Performance & Strategy
Theodore Colbert Executive Vice President
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