I wrote about this in another post but it's so slanted in Boeing's favour that near every outlet is reporting this as a 25% increase.
It's not effective right now - it's scaled over the next four years. This means it won't cover the rising cost of everything and it's peanuts compared to what the company could afford.
Honestly I wish one of these large unions would go all the way and get a salary that these workers actually deserve. We see these situations happen too often where the employer is obviously in the wrong, yet they have the capital - financially and otherwise - to stonewall the union and wait until they relent as the coffers run low.