Boeing Gains on Optimism Labor Deal Will Avert Strike
- Workers still need to vote on accord, may choose to strike
- Company finances are in disarray after January accident
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Boeing Co. shares rallied on optimism that a labor deal with its largest union will help the troubled US aircraft manufacturer avoid a potentially crippling strike at its Seattle-area factories.
The landmark offer hammered out over the weekend includes a 25% wage increase over four years and a commitment to build Boeing’s next plane in the Seattle area, the two sides said in separate statements.