Lockheed Martin Aeronautics has ratified new labor agreements with members of the International Brotherhood of Electrical Workers and Office and Professional Employees International Union in Fort Worth.
The company says that the agreements will become effective on May 21, 2012 and will extend for four and five years, respectively.
The IBEW members approved their agreement in a vote on May 18, and the OPEIU members approved their agreement today. The IBEW represents about 70 employees at the company's Fort Worth site, while the OPEIU represents about 430.
The union members will each receive a $3,000 ratification bonus and general wage increases over the term of the agreements.
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