The deal calls for an immediate raise of 13% and raises of 9% for each of the next two years, and then another 7% in the fourth and final year of the contract. Taken together, members will receive a pay raise that exceeds 43%.
Workers also get a ratification bonus of $12,000, part of which they can contribute to 401(k) retirement accounts.
The proposal also calls for hiking Boeing's contribution to a 401(k) plan.