ADVFN - Advanced Financial Network.
HOME» NYSE » L » LMT Stock Price » LMT Stock News

Lockheed Martin Share News

 Lockheed Martin Corp. Stock Price
LMT Stock Price
 Lockheed Martin Corp. Stock Chart
LMT Stock Chart
 Lockheed Martin Corp. Stock News
LMT Stock News
 Lockheed Martin Corp. Company Information
LMT Company Information
 Lockheed Martin Corp. Stock Trades
LMT Stock Trades

Lockheed's Machinists Back 4-Year Deal after 10-Week Strike

Lockheed Martin Corp. (LMT) workers that have struck for almost 10 weeks at its main F-35 Joint Strike Fighter facility are due to return to work Monday after voting in favor of a new contract. The International Association of Machinists and Aerospace Workers said members ratified the tentative deal reached over the weekend. The move will end a dispute involving 3,600 staff at Lockheed's facility in Fort Worth, Texas, and at two Air Force bases. They walked out on April 23 after rejecting the previous contract's provisions on health and pension benefit. "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 union said of the new four-year pact. It said on its website that 80% voted in favor. The two sides started federally mediated talks last week, and the resolution comes at a critical time for Lockheed as it remains locked in talks with the Pentagon over another order for the advanced new F-35 fighter jets. The company has tried to minimize the effects of the strike by bringing in temporary contract workers and mobilizing managers in production, but acknowledged in recent weeks that work in Fort Worth had slowed from pre-strike levels. The F-35, the Pentagon's costliest weapons project, has for several years been under close scrutiny in Washington, D.C., over cost overruns and schedule delays, though Lockheed has said flight testing has moved ahead of schedule. Lockheed was not immediately available for comment. -write to Doug Cameron at doug.cameron@dowjones.com

Stock News for Lockheed Martin (LMT)
DateTimeHeadline
07/22/201616:58:01Filing of Certain Prospectuses and Communications in Connection...
07/21/201617:18:54Filing of Certain Prospectuses and Communications in Connection...
07/21/201616:07:00Lockheed Martin Team Achieves First PC-21 Flight under Australia's...
07/21/201608:55:00Lockheed Martin Demonstrates LRASM's Surface Launch Capabilities
07/20/201617:27:28Filing of Certain Prospectuses and Communications in Connection...
07/20/201617:04:11Quarterly Report (10-q)
07/20/201609:00:00Lockheed Martin Receives Four Manufacturing Leadership Awards
07/20/201603:05:00Lockheed Jet Takes Toll on Its Cash -- WSJ
07/19/201617:03:37Filing of Certain Prospectuses and Communications in Connection...
07/19/201614:35:00Lockheed Martin Says Protracted F-35 Contract Talks Weigh on...
07/19/201608:50:00Lockheed Martin Boosts Guidance After Beating Expectations
07/19/201608:40:00Lockheed Martin Boosts Guidance After Beating Quarterly Expectations
07/19/201607:33:43Current Report Filing (8-k)
07/19/201607:25:00Lockheed Martin Reports Second Quarter 2016 Results
07/18/201621:03:00Lockheed Martin-Led Team Lays Keel on 17th Littoral Combat Ship
07/18/201617:21:54Filing of Certain Prospectuses and Communications in Connection...
07/15/201617:03:52Filing of Certain Prospectuses and Communications in Connection...
07/15/201610:04:00Lockheed Martin Will Pursue New Army Missile Defense Sensor
07/14/201617:22:09Filing of Certain Prospectuses and Communications in Connection...
07/13/201618:01:00Lockheed Martin Executives Unveil Armed BLACK HAWK Helicopter...

Lockheed Martin and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad