Overview

• Boeing's latest contract agreement promises wage increases, better healthcare, and improved retirement benefits.
• The contract includes a commitment to build Boeing's next aircraft in Washington state, reversing a trend of outsourcing to nonunion states.
• Union leader Jon Holden anticipates members will reject the deal and vote to strike, citing insufficient concessions from Boeing.
• A strike could severely impact Boeing's operations and financial standing, given its already precarious credit rating.
• Boeing's leadership shift and new CEO's commitment to improving labor relations signal potential for long-term changes.