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Mississippi shipyard union extends contract

Published 11/29/2017, 09:13 AM
© Reuters.  Mississippi shipyard union extends contract
  • Members of five unions at a Mississippi shipyard that's part of America's largest military shipbuilding company have voted in favor of a labor contract extension.
  • Huntington Ingalls (NYSE:HII) said in a news release that the unions at the Ingalls Shipbuilding division in Pascagoula approved a four-year extension of their collective bargaining agreements on Tuesday.
  • The deal includes cost-of-living wage increases in 2019, 2020 and 2021, along with payments of $2,500 in December 2017 and March 2018.
  • Now read: Finally, An Aerospace And Defense Stock Near My Price Target


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