[REVISION HISTORY]

Boeing-SPEEA labor contract negotiations

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2026-10-01 20:48 UTC → 2026-10-02 15:47 UTC · added ~~removed~~

Boeing entered final contract negotiations with the Society of Professional Engineering Employees in Aerospace (SPEEA) to prevent a potential strike. The proposal, which covered more than 16,000 engineers, scientists, and technicians, included a 10% guaranteed wage increase upon approval, followed by subsequent annual increases. Boeing workers ultimately approved the four-year contract, averting a work stoppage that was scheduled to begin as early as October 7. The Professional Unit, consisting of approximately 13,000 members, ratified the deal with roughly 68% support, while the Technical Unit, comprising about 4,000 members, approved it with over 53% support. The agreement includes a 10% wage increase upon ratification, annual guaranteed raises of 4%, and potential performance-based increases. The resolution prevents disruptions to Boeing’s aircraft delivery efforts and certification campaigns for the 737 MAX 10 and 777X jetliners. Following the ratification, Boeing shares saw a notable increase, and analysts at Jefferies reiterated a ‘buy’ rating with a $265 price target. The resolution of the dispute provides the company with greater operational certainty as it seeks to increase jet production and secure federal regulatory approvals.

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