spirit aerosystems holdings inc spr unit spirit aerosystems and the international association of machinists and aerospace workers have agreed to a fouryear contract proposal for wage increases and bonuses an indication to end the strike at the companys plant in wichita kansas iam union members will vote on approval of the contract on thursday june 29 at hartman arena in park city kan operations at spirits wichita plant will continue to be suspended until the new agreement is ratified the contract includes a total wage increase of 95 in the first year a guaranteed increase of 235 throughout the contract annual bonuses and cost of living allowances we believe this new offer is fair and competitive and recognizes the contributions of our employees said tom gentile president and ceo of spirit aerosystems the new contract terms also include no mandatory weekend overtime and a sign on bonus of 3000 cash the new proposed contract resulted from the negotiations that began this past saturday between the company and iam officials the federal mediation and conciliation service mediated the bargain to reach the deal price action spr shares are trading higher by 167 to 2975 in the premarket session on the last check wednesday