Union members at GD Electric Boat vote to ratify new contract; $115k per member more over five years

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)