$57 Million Paid to 19,000 Boeing Machinists

November 30, 2006 – Nearly 19,000 IAM members employed by the Boeing Co., in Seattle, WA, Portland, OR and Wichita, KS are receiving $3,000 lump sum checks as part of the contract ratified by members following a 28-day strike in 2005.

The IAM contract with Boeing, which also increased pensions and preserved health care plans, calls for a pair of $3,000 checks to be distributed to members by Dec. 1 in 2006 and 2007.

The $57 million in checks for members at Boeing is separate from the $246 million in cash and stock that will be distributed to IAM members employed by Spirit AeroSystems in Wichita, KS.