Lockheed Martin is cutting 4,000 jobs, about 3.5 percent of its workforce, as the defense contractor continues to look for ways to lower costs amid reduced government spending.
Thousands of Lockheed Martin workers across the country will not be reporting to work on Monday. That is because they are about to be furloughed as part of an ongoing budget battle.
The Department of Defense has awarded a $3.4 billion contract to Lockheed Martin Aeronautics to build fighter planes for the U.S. military and also foreign services.
Officials at Lockheed Martin have announced that the company is moving 560 manufacturing jobs based in Georgia to their facilities in Fort Worth next year.
A high school band in Fort Worth is raising money for the funeral of a student who drowned Friday night at a pool party.
More than 100 classmates, teachers, parents and loved ones showed up to a vigil to honor a 15-year-old sophomore band member who drowned during a band party Friday night.
It seems a number of Lockheed Martin employees in Fort Worth are taking advantage of the opportunity to tell their bosses how to trim spending on the F-35 Joint Strike Fighter program.
Lockheed Martin officials, national and international dignitaries and military leaders from the U.S. and UK met in Fort Worth Thursday for the transfer of the first F-35B Joint Strike Fighter to one of its international partners on the project.
Lockheed Martin is making a big handoff on Thursday. Representatives from the United Kingdom will be in Fort Worth to take possession of the country’s first F-35 jet.
Machinists Local 776 has approved a new labor deal with Lockheed Martin following a nine week strike, setting the stage for employees to return to work on July 2.
Striking Lockheed Martin machinists will gather in the Fort Worth Stockyards to vote on a new labor deal.
A nine-week strike at the Lockheed Martin facility in Fort Worth may soon be over. Leaders with the Machinists Union say they have reached a tentative 4-year agreement.