Press Release Source: Raytheon Integrated Defense Systems
Raytheon and Massachusetts Union Agree on New Contract
Saturday October 2, 11:47 am ET
TEWKSBURY, Mass., Oct. 2, 2004 /PRNewswire-FirstCall/ -- Raytheon Integrated Defense Systems has been informed by the leadership of the International Brotherhood of Electrical Workers Local 1505 that a tentative agreement for a new three year labor contract reached late Thursday night, has been ratified by a vote of the membership today.
The company is pleased with the negotiations process, the ratification and the new contract. The new agreement contains improvements in wages and benefits, and the parties reached agreement on a number of key issues which help keep Raytheon competitive.
Based in Tewksbury, Mass., Integrated Defense Systems is Raytheon's leader in mission systems integration. With a strong international and domestic customer base, including the U.S. armed forces and the U.S. Missile Defense Agency, Integrated Defense Systems provides integrated solutions for the air, surface and subsurface battlespace.
Raytheon Company, with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs more than 78,000 people worldwide.
Contact
Steve Brecken
978.394.3315
Source: Raytheon Integrated Defense Systems
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