Business

March 3, 2014

Lockheed Martin IAM employees agree to new four-year contract

Members of the International Association of Machinists and Aerospace Workers ratified a new four-year labor agreement with Lockheed Martin.

The new contract was ratified March 2 and became effective today.

The new agreement extends to March 4, 2018. It covers more than 4,700 Lockheed Martin employees in seven IAM bargaining units – flight line mechanics, assemblers and support personnel – in Palmdale, Calif., Marietta, Ga., Sunnyvale, Calif., and other locations.

“We’re pleased that the IAM members ratified this new contract, which provides a fair economic package for our workforce, and positions Lockheed Martin to remain successful in a challenging environment,” said Craig Weller, vice president, Corporate Labor Relations. “This agreement rewards our employees and allows them to continue their critical work on programs vital to our nation’s security.”

Lockheed Martin’s business at the five sites in 10 states includes support for programs under Aeronautics such as the F-35, F-22, ADP Programs, U-2, C-130 and C-5; and Space Systems such as satellite programs of AEHF, MUOS, SBIRS, GPS III and Classified Programs.




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


 
 

 
atk-test

ATK successfully tests Orion launch abort motor igniter

NASA and ATK successfully completed a static test of the launch abort motor igniter for the Orion crew capsule’s Launch Abort System. Conducted at ATK’s facility in Promontory, Utah, this test is the next step towa...
 
 
uav-coalition

Small UAV coalition launched to advance commercial use of unmanned aerial vehicles

Leading technology companies Oct. 1 formally announced the formation of the Small UAV Coalition to help pave the way for commercial, philanthropic, and civil use of small unmanned aerial vehicles in the United States and abroad...
 
 

Northrop Grumman hand held precision targeting device completes successful developmental test

A new hand held targeting system developed by Northrop Grumman that will enable soldiers to engage targets with precision munitions while providing digital connectivity to related military units has successfully completed developmental testing at White Sands Missile Range in New Mexico. The evaluation of the company’s Hand Held Precision Targeting Device, or HHPTD, was conducted...
 

 

China’s first New-Generation Boeing Jetliner B747-8 delivered to Air China

In the evening of Sept. 29 29 in Seattle, Beijing time, Air China and Boeing held a grand aircraft delivery ceremony in Seattle, the United States, marking the official delivery of China’s first B747-8 to Air China. The type is a member of the latest generation B747 family. It will arrive at Beijing Capital International...
 
 

Raytheon awarded $251 million Tomahawk missile contract

The U.S. Navy has awarded Raytheon a $251 million contract to procure Tomahawk Block IV tactical cruise missiles for fiscal year 2014 with an option for 2015. The contract calls for Raytheon to build and deliver Tomahawk Block IV cruise missiles to the U.S. Navy and U.K. Royal Navy. Raytheon will also conduct flight tests...
 
 
Raytheon photograph

Poland’s TELDAT, Raytheon partner to develop new Patriot router

Raytheon photograph TELDAT President and CEO Henryk Kruszynski and Daniel J Crowley, president, Raytheon Integrated Defense Systems. Raytheon is partnering with TELDAT to develop and produce advanced militarized routers for the...
 




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>