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
contracts DB
SEARCH

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. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More