After previously rejecting the contract by a narrow margin, technical professionals at Boeing represented by the Society for Professional Engineering Employees in Aerospace (SPEEA) overwhelmingly approved the same contract last night. With the engineers at SPEEA approving the contract last month, the technical workers had effectively no leverage with Boeing.

The contract, which runs through October 2016, provides a pool for allocating wage increases averaging 5 percent; no increase in medical costs; and an improved basic retirement benefit calculation for pensions of existing techs. It also moves new hires from Boeing's pension plan to a 401K plan.

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