Lockheed Martin and workers in Colorado, Orlando reach new contract

United Auto Workers members in Orlando and Denver have ratified a new five-year contract with Lockheed Martin ending a month-long strike that involved more than employees at the defense and aerospace giant This was a hard fight stated Brandon Campbell director of UAW Region in a news release Lockheed was determined to hold onto every cent of the billion it made during the last three years But UAW members stood up to win our fair share of the profits that we generate That raises the standard for workers everywhere Under the new agreement workers will receive pay increases averaging and the company s wage floor for new hires will rise from the an hour the company initially proposed to an hour Workers will reach the top of the pay scale faster than in the to years the company had offered Annual wage increases per year of system will run at or higher compared to the cents previously offered The workers including at the company s Waterton Canyon campus in Jefferson County took to the picket lines on May after they rejected a proposed contract in the works since March The labor action involved workers at Lockheed s Space and Missiles and Fire Control MFC divisions who were represented by the International Union United Automobile Aerospace and Agricultural Implement Workers of America UAW Local in Orlando and Local in Denver Related Articles Union goes on strike at Lockheed Martin after rejecting contract offer The Space Division develops and builds satellites and space exploration systems and works closely with NASA in supporting space missions The Missiles and Fire Control Division works on missile defense tactical missiles hypersonic weapons and air defense systems like the PAC- and THAAD We re pleased that the International Union United Automobile Aerospace and Agricultural Implement Workers of America UAW members approved a new five-year contract which allows the company to continue its focus on the pivotal work we do to sponsorship our customers and their national guard missions The new contract extends until April the company disclosed in a declaration Get more business news by signing up for our Economic system Now newsletter