Boeing workers approve contract securing new 777X for Seattle

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

Boeing (BA) machinists approve a labor contract that gives up some pension benefits in order to secure assembly of the new 777X airplane for the Seattle area, solidifying the company's presence in the region.

Had the workers rejected the offer, Boeing would have considered making the successor to the 777 widebody jet elsewhere, and had received offers from 22 states interested in hosting the new factory; instead, the company says "the future of Boeing in the Puget Sound region has never looked brighter."

The vote approving the eight-year contract was 51%-49%.