Boeing's (BA) technical engineers have overwhelmingly approved a new four-year labor agreement,...

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing's (BA) technical engineers have overwhelmingly approved a new four-year labor agreement, thereby averting a possible strike at a critical time for the company as it works to solve the 787's battery problems. The authorization comes after the technical workers rejected the same offer last month while Boeing's engineers accepted their deal. The agreement will lower the firm's pension costs, as it eliminates pensions for new recruits.