The announcement comes just one day after sources said that Eli Lilly was planning to build the facility for $2.17 billion.

The agreement was signed by the Philippines’ energy secretary and U.S. Secretary of State Antony Blinken November 16 in San Francisco, California.

The approval locks in the UAW’s deal with Stellantis through April 2028 and includes a 25% wage hike over the life of the contract.

Peter Dilnot, who takes over as Melrose’s chief executive officer in March 2024, said that while the supply hitches are boosting after-market demand, they’re limiting planemakers’ ability to build jets.

Sources that spoke to Reuters said the project would create over 1,000 jobs when including sub-contractors as well as suppliers in the region.

Mack Trucks said that the new contract will increase the average wages of UAW members by 36% over the life of the contract.

The survey showed that the extent to which supplier capacity went underutilized was higher in October 2023 than it was in September and August.

The package-handling giant plans to fill the $79 million facility with more than 3,000 robots by 2024 to handle tasks like lifting, reducing the need for manual labor.

Two-thirds of the 30 retailers analyzed had inventory turnover rates below their peers, which indicates excess stock and/or slow sales.

Walgreens said that its new initiative will make the management of online orders more efficient by creating a single system for handling goods.