Union reports deal with Lockheed

[Omaha Steve]

Source: UPI

FORT WORTH, Texas, April 19 (UPI) -- Machinists union leaders say they have reached a tentative agreement with Lockheed Martin Aeronautics on a new labor contract.

"We believe the tentative agreement is fair and equitable," District Lodge 776 of the International Association of Machinists and Aerospace Workers said on its Web site.

The union was to vote on the proposal Sunday.

The union's existing three-year contract expires at midnight Sunday. If ratified, the contract will allow Lockheed to continue its operations uninterrupted as it accelerates production of early versions of the F-35 joint strike fighter.

Read more: http://www.upi.com/Business_News/2009/04/19/Union-reports-deal-with-Lockheed/UPI-71321240174765/