Boeing Engineers Union Backs Contract

Boeing Co.’s union of 18,000 engineers will recommend accepting a three-year contract proposed Tuesday that gives employees annual pay raises of 4% and requires them to pay more for some health insurance plans.

The current contract expires Dec. 1 and covers engineers and technicians who make commercial jetliners in Washington, Kansas and Oregon. Dave Landress, a member of the negotiating team, said the union will recommend the contract.

Workers in Wichita, Kan., are still in negotiations.

Boeing shares fell 7 cents to $31.42 on the NYSE. They have declined 19% this year.