Lockheed Martin employee association ratifies 4-year contract

4 March 2014

Members of the International Association of Machinists and Aerospace Workers (IAM) ratified a new four-year labour agreement with Lockheed Martin (NYSE: LMT).

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.

Lockheed Martin´s business at the five sites in 10 states includes support for programs under Aeronautics such as the F-35, F-22, ADP Programs, U-2, C-130 and C-5; and Space Systems such as satellite programs of AEHF, MUOS, SBIRS, GPS III and Classified Programs.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs approximately 115,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Its website is at www.lockheedmartin.com.

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