Pratt & Whitney reaches tentative deal with IAM Union after three-week strike

Initially, approximately 80% of union members rejected P&W's offer of a wage increase: 4% in 2025, followed by 3.5% in 2026 and 3% in 2027. The offer also included a $5,000 ratification bonus and enhancements to pension and 401k plans. According to WSWS reports during negotiations, Pratt & Whitney rejected workers’ demands to revise this contract and cut off medical benefits two weeks into the strike to pressure them back to work.

As of May 19, workers reportedly lost access to company-provided healthcare benefits. In response, IAM advised members to enroll through state healthcare marketplaces. Although details of the tentative agreement remain undisclosed, IAM described it as an improvement via social media posts: "It’s in our membership’s hands to decide if Pratt & Whitney's offer meets their needs so they can get back to work building the most capable engines in the world!"

The strikes coincided with challenges from trade wars imposed by previous administrations amid high earnings for Pratt & Whitney. In recent years P&W returned to profitability; it earned about $2 billion operating profit from $28 billion sales in 2024 after losses due primarily due faulty GFT engine part recalls costing $1.5 billion during prior year while reporting an increased operating profit ($580 million) Q1 this year marking substantial growth both quarterly annually perspectives respectively according financial data presented above however implications remain broader parent RTX facing potential tariffs impacting profits up-to-$850-million.

Pratt & Whitney machinist strike is one largest recent US labor actions following Boeing’s major walkout late last year where roughly thirty-three thousand employees stopped working until reaching favorable agreements ending prolonged disputes highlighting growing trend within aerospace sector towards advocating better compensation security measures among workforce levels.