Union members at General Dynamics' Electric Boat submarine-making unit have voted to ratify a new contract, the United Auto Workers said on Wednesday.
The union, representing over 2,400 marine drafters at Electric Boat, said 85 per cent voted in favor of the ratification of the new five-year agreement which secures a 30 per cent wage increase over the life of the contract and an improved wage progression.
In total, members will see a cumulative $115,000-per-member increase in total compensation during the agreement, UAW said.
The ratification comes over a month after members authorized a strike, demanding cost-of-living adjustments (COLA) to keep up with inflation.
Electric Boat is a part of the defense contractor's marine systems segment, which assembles nuclear-powered submarines for the US Navy.
(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Devika Syamnath)