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.

Approval of the deal with 38 percent raises over four years is a key step toward recovery after Boeing suffered billions in losses from the work stoppages and safety problems.

Seattle — 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.