The Boeing Company and the International Association of Machinists and Aerospace Workers union agreed to a new contract to officially end the 7-week strike.

Unionized factory workers at Boeing are voting on Monday whether to accept a contract offer or to continue their strike. The walkout has lasted more than seven weeks, shut down production of most Boeing passenger planes and cut off a key source of cash for the company.

On the eve of the nation’s Presidential election, another important contest also marked by highly divided camps came to resolution.

The union representing tens of thousands of striking Boeing machinists has endorsed the U.S. aerospace company's latest contract proposal.

Boeing's strike that began in mid-September "has ended" after 59% of workers voted on Monday night to ratify a new contract, the union announced at midnight. Why it matters: The walkout of thousands of machinists crippled Boeing's production in a year when the aerospace giant's reputation was already wounded amid high-profile quality and safety issues.

SEATTLE (AP) — Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner and generate much-needed cash.

Boeing machinists have voted to end their 7-week strike, accepting the latest contract offer from the company. Striking members from the International Association of Machinists and Aerospace Workers accepted the proposed contract by 59%.