Boeing is expected to book more than $1 billion in wage-related expenses from its proposed labor contract, analysts said, although its shares rose 4% on Monday on hopes of an end to a crippling strike.

The proposal includes a wage increase of 35% over four years. The potential breakthrough ends a lengthy impasse marked by miscues and finger-pointing.

Machinists will vote next week on Boeing's contract proposal with a 35% pay hike over four years and other benefits. It could end a month-long strike.

Whether they vote yes or no, union machinists say the newest offer presented by Boeing is proof that their strikes are working.

The machinists union has yet to ratify the new contract, which comes during a tough period for the aviation giant and its suppliers.

Key Takeaways Boeing shares advanced Monday on word the plane maker and its machinists tentatively have agreed to a new contract, which could end the union's five-week strike.The proposal gives the union workers a 35% pay raise and $7,