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Publish Date : 03-Jul-2012

Lockheed Martin (LMT) has inked a tentative agreement with the machinists union to terminate a nine-week strike at its fighter jet plant in Fort Worth and two other sites.

The union will carry out a mass meeting and vote on the company\'s proposal.

No terms of the agreement were revealed. The International Association of Machinists union constitutes 3600 employees at the Fort Worth plant and two military bases in California and Maryland.

“We are pleased to report our discussions with the union have been productive and we reached a tentative agreement this evening to end the strike,” said Greg Karol, Lockheed\'s vice president of labor relations, “Lockheed Martin\'s revised offer will be unanimously recommended for acceptance by the union bargaining committee to the membership at the ratification vote early next week. We look forward to having them back on the job, building the world\'s best fighters.”

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