UAW Members Strike at Lockheed Martin, as Company Announces $1.7 Billion in First Quarter Profits

[Omaha Steve]

Source: UAW

Detroit, MI – After months of negotiations, over 900 UAW members in Orlando, FL (Local 788) and Denver, CO (Local 766) have walked out on strike at Lockheed Martin, after the company committed multiple unfair labor practices and refused to present a fair economic proposal that meets the membership’s needs.

The strike begins during a time of record taxpayer-funded profits for the U.S. government’s largest defense contractor. Lockheed Martin made $24 billion in profit and paid its CEO $66 million over the last three years. Profits were up the first quarter of 2025, with Lockheed taking in another $1.7 billion. These mind-boggling profits aren’t going anywhere: the Trump administration is positioned to deliver a more than $1 trillion defense budget in 2025.

While Lockheed rakes in billions in taxpayer dollars, they are refusing to deal adequately with the union’s main demands. Under their latest offer, workers at Lockheed would work between 16 and 23 years to reach top rate for most pay classifications. Over 80% of the UAW workforce would remain in an unfair, extremely long pay progression. Even worse, the company is proposing a measly starting rate of $15 per hour. Lockheed is also refusing to recognize Veterans Day as a holiday, an insult to all UAW members who have proudly served this country.

“Lockheed’s workers have to wait years and even decades before seeing a comfortable standard of living, while its executives are swimming in taxpayer dollars,” said UAW Region 4 Director Brandon Campbell. “Lockheed is a textbook example of corporate greed and I’m proud to stand shoulder-to-shoulder with our members as they fight for their fair share.”

Read more: https://uaw.org/uaw-members-strike-at-lockheed-martin-as-company-announces-1-7-billion-in-first-quarter-profits/

[Shipwack]

1. Good to see!

I wonder if the members at Cape Canaveral (at the naval station and NASA facilities) are members of that local, or a separate one….

Just did a quick search, and it appears the answer is no.

[Grins]

2. "Lockheed is also refusing to recognize Veterans Day as a holiday"

It’s a FEDERAL Holiday!! How the hell…?

[Grins]

3. More than this strike is going to hit Lockheed.

Because of the orange Russian asset in the White House pissing off all of America’s allies, those nations are opting for local companies for their fighter and supply aircraft. Spain and Canada have already said no to future F-35 buys, hitting Lockheed right where it hurts.

Companies like Lockheed factor in foreign military sales in their pricing to DoD; the more they sell outside the U.S. the lower the cost to the U.S. Now, all that goes away.

Heckofajob!! someone once said.