Boeing workers voted to accept a new labor contract and end a strike that's crippled jetliner production for more than seven weeks. Some 59% of union members voted in favor of the accord, according to the International Association of Machinists and Aerospace Workers district representing the some 33,000 striking workers.
Machinists are set to return to work after ratifying a contract with a 38% pay raise.
The deal includes a 38% raise for employees over four years, as well as a higher 401(k) contribution and a $7,000 ratification bonus.
Here is a side-by-side comparison of the key elements of three Boeing contract deals for U.S. West Coast factory workers that have gone to votes since September, according to details provided by the company and the union.
Unionized Boeing workers on Monday voted to accept a contract proposal, ending a seven-week strike. The deal increases pay by 38% over four years and gives workers a bonus for ratifying the contract.
Boeing is considering selling parts of its space and defense businesses, focusing on non-core assets to improve its balance sheet. The most likely divestments include the Commercial Crew Program and the United Launch Alliance joint venture with Lockheed Martin. Boeing's space segment, facing competition and underperformance, presents more divestment opportunities compared to its defense segment.
Members of Boeing's (BA) machinists union are voting today on a third contract agreement that could potentially end a crippling strike that has lasted nearly two months.
The 33,000 workers who've been on strike since September could return to work this week
Striking union workers will vote for a 38% wage hike after reaching another tentative agreement with Boeing. Leaders recommend approving.
Ron Epstein, Bank of America Global Research aerospace and defense analyst, joins 'Squawk Box' to discuss the state of Boeing's union contract vote, economic impact of the machinist strike, and more.
Tony Bancroft, portfolio manager at Gabelli Funds, discusses the chances striking union factory workers ratify Boeing's latest contract proposal, which has been endorsed by union leadership.
CNBC's Andrew Ross Sorkin reports on the latest news.