Boeing Co. and leaders of the Machinists union have agreed to the terms of a new contract designed to lower the cost of making fighter jets while avoiding layoffs on the assembly lines in St. Louis. The 7½-year deal sweetens buyouts for veteran workers and cuts wages for many future hires, while setting raises, bonuses and benefits through 2022.
The 2,400 workers represented by District 837 of the International Association of Machinists vote Sunday.
The Defense Department is expected to release a budget the next day that includes no more orders for the fighter jet made in St. Louis. Boeing plans to urge Congress to add 20 or more of the jets when it marks up the budget later this year, and wants to lower costs to help make that case.