Boeing Reaches Tentative Agreement With Machinists Union After Heated Labor Dispute

Boeing (NYSE:BA) has reached a tentative agreement with the machinists union that should settle a heated government labor dispute.

The agreement would secure a new four-year collective bargaining contract between the union and the company and call for the 737 Max aircraft to be built at union facilities in Renton, Washington. The current contract is set to expire in nine months.

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If union members vote to approve the agreement, Tom Wroblewski, president of Machinists Union District 751, said on Wednesday that the union would inform the National Labor Relations Board it no longer has any grievances with Boeing.

Earlier this year, the NLRB filed a lawsuit alleging that Boeing violated labor laws by opening a new production line for its 787 airplane in South Carolina.