Huntington Ingalls Industries (NYSE:HII) reports that United Steelworker members at the company’s Newport News Shipbuilding division voted in favor of a new labor contract. The new contract took effect Monday and will run through February 7, 2027.
“I’m happy to share that members of United Steelworkers Local 8888 voted 3,678 to 533 to ratify a new 60-month labor contract,” said Newport News Shipbuilding President Jennifer Boykin. “Benefits of the new contract include general wage increases and...