Niraj Chokshi

The aerospace manufacturer and its new chief executive face a daunting to-do list, including improving quality and increasing production of its commercial planes.

About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier contract offers.

The vote will extend a monthlong strike at factories where the aerospace company makes its best-selling commercial airplane.

As Kelly Ortberg presented his strategic vision, more than 33,000 striking employees of the aerospace manufacturer were expected to vote on a new contract.

The deal reached by the machinists union, which represents more than 33,000 workers, would cumulatively raise wages by nearly 40 percent over four years, according to details shared by the union.

The aerospace giant said it could raise as much as $25 billion in debt or equity over the next three years, including a $10 billion line of credit.

A new chief executive is restructuring the aerospace manufacturer, which has been losing money for several years while struggling to improve production quality.

Nearly a month into a union walkout, the aerospace giant withdrew its latest contract offer, and the two sides exchanged blame over the breakdown.

The carrier’s move, including service enhancements and share buybacks, came after a hedge fund called for cost savings and better profits.

The proposal includes raises of 30 percent over the four-year contract, up from a 25 percent offer, but it’s unclear whether it will satisfy workers.