Defense market woes lead to more Boeing layoffs

Boeing’s Argon ST unit has laid off 34 employees because of the deteriorating defense market, the Washington Business Journal reported.

Boeing acquired Argon in August 2010, but a spokesman said the layoff was not related to the acquisition, but “to the increasingly competitive business environment, along with the reality that the defense market is facing flat or decreasing budgets for the foreseeable future.”

The layoffs were effective immediately and included managers and lower-level employees.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
 Top 100 Slideshow
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts