COLLECTIVE BARGAINING AGREEMENT

of January 11, 2007

Between

GKN AEROSPACE CHEM-TRONICS INC

And

INTERNATIONAL ASSOCIATION OF MACHINISTS

AND AEROSPACE WORKERS, AFL-CIO AND ITS DISTRICT LODGE 751

 

PREFACE

Company and Union Cooperation, Technology and Teaming

A.      The parties to the following Agreement recognize that the Company must compete in a highly competitive global economy and commit to achieving the highest level of quality and productivity possible. Both parties recognize that ultimate job security can only be realized in a work environment that creates operational effectiveness, continuous improvement and competitiveness. This Agreement has been constructed so as to maximize the likelihood of realizing these objectives and is to be interpreted accordingly.

B.      Consistent with the objectives set forth above, the Company and Union will work together to achieve advances, improvements and significant changes in methods, materials and technology. The Company and the Union will share information regarding significant developments, including purchases of major capital equipment.

C.      Also consistent with the objectives set forth above, the Company and the Union agree to work together to establish teams.

PREAMBLE

THIS AGREEMENT, dated as of the 11th day of January, 2007, is made and entered into by and between GKN Aerospace Chem-tronics Inc. a Delaware Corporation (hereinafter referred to as "the Company"), and the International Association of Machinists and Aerospace Workers, AFL-CIO, and its District Lodge 751 (hereinafter referred to jointly as the Union).