Lockheed Reaches Agreement With Two Unions

Fort Worth (CBSDFW.COM)- Lockheed Martin has reached an agreement with two unions.

According to Lockheed director of communications Joe Stout, The International Brotherhood of Electrical Workers  and the Office and Professional Employees International Union have concluded seperate labor agreements with the aeronautics giant Friday.

The unions represent a total 500 workers at the Fort Worth plant.

Lockheed says union members will receive $3,000 ratification bonus and general wage increases over the term of the separate agreements

3,600 of workers with the International Association of Machinists and Aerospace Workers are still on strike.