Boeing Co. will be able to develop new versions of its best-selling jets without the threat of production-halting strikes after its largest union accepted a contract extension through 2024.
The decade of labor peace at the planemaker’s Seattle hub lowers development risk for the 777X and 737 Max, the heart of Boeing’s commercial jet lineup. Machinists voted Jan. 3 for an agreement that freezes pensions in exchange for Boeing’s promise to assemble the updated model of the 777 in Washington state.
