BUZZ - Boeing stock rises after union approves contract, resolving strike risk

October 1 - ** Boeing (BA.N) shares rose about 4%, to $193

** Boeing's largest white-collar union has approved (link) a revised contract offer, eliminating the imminent threat of a strike that could have disrupted aircraft programs and deliveries

** The Society of Professional Engineering Employees in Aerospace (SPEEA), which represents approximately 17,000 Boeing employees, said that both of its bargaining units voted to approve this new four-year agreement

** The new agreement guarantees a 10% pay raise after approval, an annual 4% raise, and up to an additional 2% raise based on performance

** Approval of the agreement helps Boeing avoid potential disruptions to the certification of its 737 MAX 10 and 777X models, while ensuring the gradual ramp-up of its planned production and delivery volumes

** After the fluctuations during this trading day, the share has fallen by 10.7% so far this year

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