Boeing (BA) Engineers Approve New Contract with 10% Raise

Boeing Co. (BA) engineers and technical workers approved a new four-year contract that provides immediate 10% raises, avoiding a potential strike. The agreement includes annual raises of 4%, with possible merit-based increases up to 6%. The professional unit voted 67.62% in favor, while the tech unit's approval was at 53.48%. This outcome comes as Boeing seeks to stabilize and increase production of its aircraft and obtain federal approval for the 737 Max 10 and 777X, which are delayed. This matters for ordinary investors as it allows Boeing to proceed with production plans without disruption, potentially impacting revenue positively.

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