April 4, 2006 – Negotiations are coming down to the wire for 3700 members of District 776 employed at Lockheed Martin in Fort Worth, TX. IAM members there build the F-16 fighter jet and the F-35 Joint Strike Fighter (JSF) as well as a major portion of the F-22. The current contract expires at midnight on Sunday, April 9th. Members will vote on a last, best and final offer from Lockheed Martin that afternoon.
As in the rest of the aerospace industry, the main sticking points in negotiations are retiree health care, pensions, and health care costs.
“Our members are fighting to move forward on these issues,” said Southern Territory GVP Bob Martinez. “Lockheed Martin is a highly successful company, and the members and the community deserve to share in that success.”