Fay sued and won a court order requiring a match for the Cup, butConner outsmarted him by building a speedy catamaran that sailed circles around Fay's 90-foot monohull.
Boeing spokesman Doug Alder said the company is legally obligated to have discussions with SPEEA, but he noted Conner's statement about the importance of the 401k transition for future hires.
Boeing Commercial Airplanes President and CEO Ray Conner said in a statement that the company was pleased with the engineers' vote but "deeply disappointed" in the technical workers' rejection of what he called the company's "best and final" offer.