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

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.