(TUCSON, ARIZONA) - IAM Union (International Association of Machinists and Aerospace Workers) Local 933 Members have ratified a new five-year contract with Raytheon in Tucson that secures significant wage increases, stronger benefits and expanded opportunities for career advancement.

The agreement covers more than 2,200 Hourly Workers who manufacture sophisticated Missile and Defense Systems supporting the U.S. Military and its allies.

Their skilled work helps keep our Nation secure and strengthens Southern Arizona’s economy, IAM Officials said.

“Meeting the demand for these Defense Systems starts with taking care of the Workers who build them,” IAM International President Brian Bryant said. “Local (933) Members know their work, they know their worth and they stood together. This agreement delivers gains they can be proud of and helps secure the skilled workforce this industry needs.”

Contract Highlights include: Average compounded wage increases of 24%, including equity adjustments, over the life of the contract; A $3,000 ratification bonus, plus a $1,500 ratification 401(k) match; A $3,500 Munitions Acceleration Bonus recognizing Members’ contributions to increased production of critical munitions and company performance; A $2,000 lump-sum bonus, plus a $1,000 lump-sum 401(k) match; Participation in the RTX Performance Sharing Program, linking additional rewards to company performance; Improved vacation tiers beginning in 2028 and improvements to the current paid time off schedule for 75% of current Members; PTO transition bonuses for eligible Members in 2028: $1,000 for those with 10-to-14 years of service and $1,500 for those with 15 or more years; Increased pay for certain categories and higher shift premiums; New 4/10 and 3/12 workweek options, providing additional days off compared with the 9/80 schedule; Expanded education and training opportunities, including the Partnership for Advancement through Career Education (PACE), building on the existing CEP Program, and Machinists Institute support for mentoring, curriculum development and training for current workers; and Stronger contract language on Union Representation, Apprenticeships and other benefits.

“Our Members made it clear that they wanted a contract that respected their skills and helped them build a future here in Tucson,” IAM Western Territory General Vice President Robert “Bobby” Martinez said. “They stayed involved, stood behind their Committee and showed the company their unity. These gains are an investment in the Workers, their families and the community that depends on these good jobs.”

To Continue Reading This Labor News Report, Go To: Arizona IAM Members Ratify Unprecedented Raytheon Contract with 24% Average Wage Growth - IAM Union

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