After a nine week strike, Lockheed Martin and the Machinists union announced they have reached a tentative agreement.
Lockhead officials say the company and the union representing 3,600 employees reach a tentative agreement last Saturday.
Fort Worth aerospace engineering company Lockheed Martin will begin mediations with its workers union on Wednesday, after employees walked out on strike nine weeks ago.
Lockheed Martin has now admitted it may have trouble meeting its quota if the 3,000 members of the Machinists Local 776 continue marching their 51-day protest outside the gates.
As union members continue to picket at every gate at the Lockheed Martin Plant in Fort While, families bond together and provide assistance to those most in need.
Defense Secretary Leon Panetta has limited the flights of the F-22 fighter jet to regions where pilots can quickly land the plane if they experience oxygen problems. Panetta ordered the Air Force on Tuesday to take new steps to address undiagnosed safety problems with the jet.
Nearly two weeks after the International Association of Machinists and Aerospace Workers Union went on strike against Lockheed Martin members bond together.
The majority of the employees on strike at Lockheed Martin in Fort Worth work on the F-35 Joint Strike Fighter. Mostly testing setbacks have caused the delays on the radar-evading fighter, but the strike isn’t helping.
People across two North Texas counties heard and felt it — but it wasn’t an explosion or an earthquake. It was a sonic boom.
Lockheed Martin said that CEO Bob Stevens plans to step down, and that its president and COO, Chris Kubasik, will take on the role next year.
The Point restaurant felt the economic impact of the strike even before picket lines had formed.
Union leaders say the company’s proposed changes to the pension plan, health costs and new hires policy were unacceptable.