Business

June 28, 2012

International Association Of Machinists ratifies new labor agreement with Lockheed Martin Aeronautics

Lockheed Martin has reached a new labor agreement with District Lodge 776 of the International Association of Machinists and Aerospace Workers, the largest union at its Fort Worth, Texas, aircraft manufacturing facility.

Union members voted to accept the proposal in a meeting June 28, ending a work stoppage that began April 23.

The four-year contract will allow the union members to report to work beginning July 2, and resume their roles in manufacturing, assembly and testing of the F-35 Lightning II, F-16 Fighting Falcon and other products supporting the defense of the United States and allied nations.

“With the new contract in place, we can continue concentrating on the critical requirements of our customers and our important mission of producing the world’s most advanced, highest quality combat aircraft at the Fort Worth facility,” said Larry Lawson, executive vice president of Lockheed Martin’s Aeronautics business area. “We’re pleased that the entire Aeronautics team will be back in place and working together again on our important programs.”

With approximately 3,600 members, the Fort Worth IAM represents production and maintenance employees, firefighters and occupational heath nurses. Union members are assigned at the Fort Worth facility, where most are based, and at Edwards Air Force Base, Calif., and NAS Patuxent River, Md.

The agreement accepted by the IAM provides the union members general wage increases, cash payments, a choice of health plans, and other compensation and benefits. The agreement compensates union members fairly while allowing Lockheed Martin Aeronautics to be competitive for new contracts and respond to customer demands for greater affordability in defense products.

The agreement was reached in discussions monitored by the Federal Mediation and Conciliation Service, which brought the parties together for negotiations that continued June 20-23.




All of this week's top headlines to your email every Friday.


 
 

 
boeing-ethiopia

Boeing, Ethiopian Airlines announce order for 20 737 MAX 8s

  Boeing and Ethiopian Airlines Sept. 20 announced an order for 20 737 MAX 8s. The order, previously unidentified on the Boeing Orders & Deliveries website, is worth more than $2.1 billion at list prices and also inclu...
 
 
airbus-collaboration

Airbus Group, Aerion announce technology collaboration

Airbus Group and Aerion Corporation have agreed to collaborate on technologies associated with the future of high-performance flight. To further their mutual objectives, both companies will exchange knowledge and capabilities i...
 
 

Boeing to upgrade specialized ICBM guidance system test Equipment

Boeing will continue to ensure the readiness of the nationís Minuteman III intercontinental ballistic missile system with the development of a new Guidance Data Acquisition System. Under a $4.9 million contract awarded by the U.S. Air Force, Boeing will update and replace the aging GDAS, a key piece of equipment that tests the guidance system...
 

 

Boeing to open first cyber analytics center outside U.S.

Boeing will open its first Cyber Analytics Center outside the U.S. in Singapore, to bring advanced cybersecurity capabilities and services to customers in the Asia-Pacific region. The center will help train and equip cybersecurity professionals, perform advanced analytics and serve as Boeing’s regional cybersecurity center of excellence. Boeing will hire and train cybersecurity professionals...
 
 

Lockheed Martin receives additional EW contract to protect Navy’s fleet

The U.S. Navy awarded Lockheed Martin an additional $147 million contract to upgrade the fleet’s electronic warfare defenses against evolving threats, such as anti-ship missiles. Under this low-rate initial production contract for Block 2 of the Navy’s Surface Electronic Warfare Improvement Program, Lockheed Martin will provide 14 systems to upgrade the AN/SLQ-32(V)2 system on all...
 
 

Pratt & Whitney, U.S. Air Force complete qualification for F135 engine testing

Pratt & Whitney, a United Technologies Corp. , together with its U.S. Air Force partner at the F135 Heavy Maintenance Center at Tinker Air Force Base, Okla., celebrated another significant milestone qualification for F135 engine testing at the Oklahoma City Air Logistics Complex. OC-ALC which in addition to engine testing is also qualified to perform...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>