Boeing (BA, Financial) saw its stock price rise over 2.7% in pre-market trading, reaching $159.3. The increase follows the approval of a new four-year contract by workers at its West Coast factory, effectively ending an almost eight-week strike. Employees are set to resume work mid-week.
The new agreement includes several benefits for workers, such as a 38% wage increase over four years. Additionally, employees will receive a $12,000 signing bonus, the reinstatement of the annual bonus plan, and increased contributions to the 401(k) retirement plan.
