Lockheed, Union Reach Deal in Mediation

Reuters
June 25, 2012

Lockheed Martin Corp, the Pentagon’s No. 1 supplier by sales, announced early Sunday that it had reached a tentative deal during meetings Wednesday through Saturday facilitated by the U.S. Federal Mediation and Conciliation Service. Striking workers from the Fort Worth, Texas, plant where Lockheed Martin Corp builds F-16 and F-35 fighter planes will vote on Thursday on whether to accept a new contract agreed to by a key union and management late Saturday, the union said.

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