Lockheed, union agree to meet federal mediators

(Reuters) - Lockheed Martin Corp , the Pentagon's biggest supplier, and a union representing more than 3,600 workers, said on Monday they had agreed to meet federal mediators to try to settle a strike that began more than eight weeks ago.

(Reuters) - Lockheed Martin Corp , the Pentagon's biggest supplier, and a union representing over 3,600 workers, on Monday said they would meet starting Wednesday with federal mediators to try to settle a strike that began just over eight weeks ago. The International Association of Machinists and Aerospace Workers (IAM) said the two sides would meet in Fort Worth, Texas starting on Wednesday for mediated bargaining sessions with officials from the Federal Mediation and Conciliation Service. ...

(Reuters) - Lockheed Martin Corp , the Pentagon's biggest supplier, and a union representing over 3,600 workers, on Monday said they would meet starting Wednesday with federal mediators to try to settle a strike that began just over eight weeks ago.

Lockheed Martin Corp , the Pentagon's biggest supplier, and a union representing over 3,600 workers, on Monday said they would meet starting Wednesday with federal mediators to try to settle a strike that ...

WASHINGTON (Reuters) - Lockheed Martin Corp, the biggest U.S. weapons maker, pushed back on Thursday against the Pentagon's war on overhead, telling investors that the government's demands for ever more data were actually adding to costs at some facilities. Lockheed Chief Executive Bob Stevens said his company had already taken action to drive down costs, but the government's "should cost" initiative meant the company needed more people to generate thousands of pages of additional paperwork. ...

(Reuters) - Lockheed Martin Corp workers who build the F-16 and F-35 fighter planes voted on Thursday to accept a new labor contract that would provide yearly pay increases of 2.5 percent to 3 percent and bonus payments, their union said. The vote ends a nine-week strike by more than 3,600 members of the International Association of Machinists and Aerospace Workers union in Texas, California and Maryland. Bob Wood, a spokesman for District Lodge 776 of the union, said the Lockheed labor accord was approved by an 80 percent margin. ...

WASHINGTON (Reuters) - Chris Kubasik will step into the top job at Lockheed Martin Corp, the biggest U.S. weapons maker, at the very moment that the Pentagon may be facing another $500 billion in spending cuts on top of the $487 billion already being implemented. At the same time, Lockheed is under mounting pressure to demonstrate progress on its biggest program, the $297 billion F-35 Joint Strike Fighter, before more international partners join Italy and the Netherlands in curtailing their orders. ...