New York, New York - Engineers and technicians in Boeing's white-collar union voted in favor of the latest contract offer, the union announced Thursday, removing the risk of another bruising strike at the aviation giant.

The Society of Professional Engineering Employees in Aerospace (SPEEA), Boeing's white-collar union, ratified the contract for US workers, according to the union's press release, detailing higher pay and other benefits.

“We secured many victories that some people thought were completely out of reach when this negotiation cycle started," the SPEEA negotiation team said.

"All of these gains would not have been possible without your individual actions and our collective strength."

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Workers had rejected an earlier proposal for a contract to replace the one expiring on October 6.

The ratification gave a boost to Boeing shares, which jumped 3.4% Thursday after the results were announced.

Boeing CEO Kelly Ortberg had warned at a Wall Street conference last month of damaging effects from a strike, including a halt to efforts to certify the 777X aircraft and negative impact on production.

Boeing endured a more than seven-week strike of Boeing machinists in the fall of 2024 that suspended production of key planes.

The professional unit, representing some 13,000 engineers and scientists, voted "yes" by 67.6%.

The tech unit, which has more than 4,000 analysts and technicians, voted by 53.5% in support. The new contract is expected to lift pay for the average engineer to $208,000 from $152,000 over the life of the contract.

Pay for techs will rise to an average of $163,000 from $119,000, SPEEA said.