07:26 AM EST, 11/05/2024 (MT Newswires) -- Boeing ( BA ) reached an agreement with its workers on strike as members of the International Association of Machinists and Aerospace Workers Districts 751 and W24 ratified a new union contract, according to a statement by the union.

The union said 33,000 Boeing ( BA ) workers accepted the company's new contract offer, which stipulates a 43.65% compounded wage increase over its four-year term, and other benefits.

The deal followed workers' strike in Washington, Oregon, and California that lasted almost two months.

Boeing ( BA ) confirmed the ratified agreement to MT Newswires as CEO Kelly Ortberg out a company-wide message praising the union workers for working through the negotiations and ratifying the new contract.

Price: 158.20, Change: +3.13, Percent Change: +2.02