Bethesda, Md., March 3, 2014 – Members of the International Association of Machinists and Aerospace Workers (IAM) ratified a new four-year labor agreement with Lockheed Martin [NYSE: LMT].
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.
See the full article at Lockheed Martin