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Washington State machinists union approves new Boeing contract

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TOSHIFUMI KITAMURA/AFP/Getty Images

Boeing vice president and general manager of airplane development, Scott Francher speaks about the company's future airplane, the Boeing 777X (illustrated at back) during a press briefing at the Boeing Tokyo office on August 2, 2013. Francher announced the company's next generation Dreamliner line-ups.

In a very close vote -- 51 to 49 -- the powerful machinists union in Washington State agreed to a new, 8-year contract with Boeing. The contract keeps production in Washington, but the union conceded a lot of benefits in the deal.

For more on this we turn to Carolyn Adolph, economic reporter for KUOW in Seattle.


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