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Voting members of Machinists Local 776 await results outside the Cowtown Coliseum on June 28, 2012 in Fort Worth. They approved Lockheed Martin's offer and will return to work July 2. (Credit: Chuck Schechner/KRLD)

Lockheed Martin Machinists Approve New Labor Deal

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.

06/28/2012

An F-35 Joint Strike Fighter on display at Lockheed Martin in Fort Worth. (credit: Ronald Martinez/Getty Images)

Lockheed Martin Doubles Job Cuts

Defense contractor Lockheed Martin Corp. plans to cut 1,500 jobs in its airplane-making business, saying it needs to cut costs due to the prospect of limited defense spending.

06/30/2011

Standoff At Lockheed Martin Ends

Some tense moments at the Lockheed Martin plant in Fort Worth today

07/13/2010