Statement by the Vice President on the International Association of Machinists and Boeing Contract Ratification

Last night, the International Association of Machinists (IAM) ratified a strong contract that recognizes the contribution of over 33,000 workers. I want to congratulate Boeing and the IAM for reaching an agreement that secures historic wage increases and benefits for these workers. This agreement represents a positive step for Boeing's future as a leader in the aerospace industry. As I always say: collective bargaining works.