Defense contractors continue to shrink, cut jobs

Defense contractors are shrinking, according to Politico, with the number of employees at the five largest U.S. defense contractors dropping by as much as 14 percent since 2008.

After a growth period kickstarted by the Sept. 11, 2001 terrorist attacks on New York and Washington, one that continued to grow with the wars in Afghanistan and Iraq, companies like Lockheed Martin, Northrop Grumman and Boeing have shed thousands of employees, with Lockheed Martin cutting as many as a quarter of its employees since the 2008 recession, Politico said.

In total, the five contractors are estimated by Politico to have nixed a total of 70,000 jobs since the recession, cuts which come along with major divestitures of business units. With sequestration still looming on the table, combined with a divided Congress and a war-weary U.S. population, the cuts do not look to be coming to a close.

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
contracts DB


  • 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