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Tag Archives: lockheed martin
Lockheed Martin Fined $15.85 Million for Taxpayer Rip-off
“It is troubling that a large defense contractor with long-established contractual ties with the United States failed to undertake appropriate measures to ensure the integrity and validity of the costs it submitted to the United States,” said Stuart F. Delery, Acting Assistant Attorney General for the Justice Department’s Civil Division. It is more troubling that seven years of fraud when revealed took another seven years for the Federal government to resolve. Continue reading →
UAW Has Tentative Agreement with General Dynamics
The UAW said today that it has reached a tentative agreement with General Dynamics – Electric Boat ahead of the UAW Marine Drafters strike deadline of midnight Sunday 18 May. “This agreement comes after an unprecedented mobilization from the union’s membership: 2200 members, or more than 90% of the bargaining unit, signed up to report for picket duty if a strike became necessary,” the UAW said. The five-year agreement, covering more than 2400 workers in Groton who design nuclear submarines, obtains a 30% wage increase over the life of the agreement and an improved wage progression. In total, MDA-UAW members will see a cumulative $115,000 increase in total compensation during the agreement. Continue reading →