Lockheed Martin Machinists Approve New Labor Contract

FORT-WORTH,-Texas,-July-9,-2016-–-Members-of-the-International-Association-of-Machinists-and-Aerospace-Workers-(IAM),-District-776,-ratified-a-new-labor-agreement-with-Lockheed-Martin’s-(NYSE:-LMT)-Aeronautics-business-in-Fort-Worth.

The-new-agreement-is-effective-July-11,-and-extends-to-April-2022.--It-covers-about-3,000-Lockheed-Martin-production-and-flight-line-mechanics,-assemblers-and-support-personnel-in-Fort-Worth,-Texas,-Edwards-Air-Force-Base,-California,-and-Patuxent-River,-Maryland.-

“We’re-pleased-that-the-IAM-members-ratified-this-new-contract.-We-offered-an-industry-leading-agreement-that-balances-the-affordability-demands-of-our-customers-with-rewarding-our-excellent-workforce,”-said-Tom-Simmons,-Lockheed-Martin’s-vice-president-and-general-manager-of-Aeronautics-Operations.-“Our-employees-perform-a-critical-task-for-our-customers-and-the-nation-through-their-work-supporting-critical-aircraft-production-programs.”

Details-of-the-company’s-offer-are-posted-on-the-following-website:-www.aeronegotiations.com.

About-Lockheed-Martin

Headquartered-in-Bethesda,-Maryland,-Lockheed-Martin-is-a-global-security-and-aerospace-company-that-employs-approximately-125,000-people-worldwide-and-is-principally-engaged-in-the-research,-design,-development,-manufacture,-integration-and-sustainment-of-advanced-technology-systems,-products-and-services.