May 29 (Reuters) - Boeing ( BA ) and a union

representing about 125 of its firefighters said on Wednesday

they had reached a tentative contract deal that if approved by

members would end a weeks-long lockout.

Boeing ( BA ) in early May locked out members of the International

Association of Fire Fighters (IAFF) Local I-66 after they

rejected two contract offers, in a move that drew the concern of

President Joe Biden.

Boeing ( BA ) and IAFF Local I-66 said in a joint statement they

expected results of a vote on the deal on Thursday, which would

end the lockout and months of negotiations.

"This tentative agreement addresses the needs of our

firefighters and the company," the statement said.

The proposed four-year deal includes general wage hikes of

2% to 3% annually, with guaranteed overtime increasing annual

pay on average up to $21,216, as well as a $1,000 signing bonus

and other compensation improvements, according to a joint fact

sheet from the company and union seen by Reuters.

The deal also includes job classification restructuring that

allows more opportunities for promotion.

If the deal is approved on Thursday, firefighters are

expected to return to work on Saturday.

Boeing ( BA ) said in early May it had offered to increase

firefighters' average take-home pay from $91,000 to $112,000 in

the first year.

The International Association of Machinists and Aerospace

Workers is separately negotiating a new contract on behalf of

more than 30,000 workers who build Boeing's ( BA ) 737 MAX jets.

Boeing 737 MAX production has fallen sharply as the Federal

Aviation Administration steps up factory checks following a

panel blowout on a new Alaska Airlines 737 MAX 9 in

January, blamed on an assembly error. Boeing ( BA ) is set to meet with

the FAA on Thursday to discuss its 90-day plan to boost quality.