GE Aerospace IAM Union Employees Ratify New Five-Year Contract

GE Aerospace has ratified a new five-year contract with IAM Union-represented employees, effective through August 18, 2030. The agreement keeps employees among the highest paid in the community, recognizing their important work for commercial and military customers. Negotiations began on July 29, 2025, and involve approximately 550 GE Aerospace employees in Evendale, OH.

GE Aerospace has reached a significant milestone by ratifying a new five-year contract with IAM Union-represented employees, effective through August 18, 2030. The agreement, which comes after negotiations that began on July 29, 2025, will ensure that the approximately 550 employees at GE Aerospace's Evendale, OH facility remain among the highest paid in the industry, recognizing their critical role in serving commercial and military customers.

The contract reflects a commitment to maintaining high standards of employee compensation and benefits, which is essential for retaining top talent in the competitive aerospace sector. The agreement also underscores GE Aerospace's dedication to fostering a strong and resilient industrial base, aligning with the UK Government’s Strategic Defence Review ambitions [1].

Negotiations were marked by a focus on addressing core issues such as job security, health care costs, and time off. Although the details of the agreement have not been publicly disclosed, the ratification signifies a mutual understanding between GE Aerospace and the IAM Union, ensuring a stable and productive work environment for the next five years.

This development is particularly notable given the recent labor actions and negotiations at GE Aerospace facilities. In Erlanger, KY, UAW Local 647 members have been rallying and mobilizing for a new contract, reflecting broader industry trends and the ongoing efforts to secure fair labor practices [2].

The ratification of this new contract is part of GE Aerospace's ongoing strategy to strengthen its supplier relationships and drive economic impact and industrial advancement in the United Kingdom. This aligns with the company's broader initiative to support rotorcraft customers across the region, bringing numerous economic benefits such as job creation, new apprenticeship opportunities, and exports [1].

In addition to the contract ratification, GE Aerospace has been actively engaging with UK-based suppliers. The company recently hosted a UK supplier showcase event at its headquarters in Evendale, Ohio, where more than 50 UK-based suppliers gathered to explore opportunities for partnership and growth. This event is part of GE Aerospace's broader efforts to generate meaningful economic, social, and environmental benefits through its Social Value Model [1].

The financial performance of GE Aerospace has been robust, with the company reporting $10.15 billion in revenue for the most recent quarter, significantly surpassing analysts' expectations. Despite recent fluctuations in stock ownership, institutional investors continue to hold a significant stake in the company, indicating confidence in its long-term prospects [3].

The ratification of this new contract is a positive development for both GE Aerospace and its employees, underscoring the company's commitment to fair labor practices and economic growth. As GE Aerospace continues to navigate the complexities of the aerospace industry, this agreement serves as a testament to its ability to adapt and thrive in a dynamic market.

References:
[1] https://www.aero-mag.com/ge-aerospace-awards-uk-engine-parts-contract-to-barnes
[2] https://uaw.org/uaw-members-at-ge-aerospace-to-rally-ahead-of-strike-authorization-vote/
[3] https://www.marketbeat.com/instant-alerts/filing-ge-aerospace-ge-holdings-reduced-by-northern-trust-corp-2025-08-18/