An F-35 on display at the Lockheed Martin aircraft plant in Fort Worth, Texas. A recent contract between Lockheed Martin and the International Association of Aerospace Workers and Machinists (IAM) union will keep the Fort Worth facility running without labor disruptions for the next five years. (Department of Defense/US Navy Petty Officer 1st Class Alexander Kubitza)

Lockheed Martin Dodges Strike at F-35 Plant in Texas

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The new contract, which lasts through 2031, includes a 6 percent wage increase, a $6,000 “ratification bonus,” and annual cost-of-living adjustments.

Lockheed Martin has reached an agreement with its Fort Worth, Texas, workforce, avoiding a walkout similar to the one faced by one of its largest competitors last year. This week, approximately 5,000 members of the International Association of Machinists and Aerospace Workers (IAM) District 776 voted to ratify a new contract with the aerospace giant.

IAM Union members in Fort Worth produce the F-35 Lightning II, one of Lockheed Martin’s largest programs, and also one of the largest and most expensive........

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