- SPEEA, the union for Boeing engineers and technical workers, recommended members approve the company's latest contract offer.
- The offer is a four-year contract with higher general wage increases than the first offer.
- Boeing stock rose 2% on Wednesday after the union recommendation.
- The recommendation is a significant step in resolving Boeing's ongoing contract negotiations with the union.
Quotes
“SPEEA, the union representing Boeing (BA) engineers and technical workers, recommended on Wednesday that its members approve the company's latest contract offer.”
“Boeing (BA) stock was up 2% on Wednesday, according to MarketSurge.”