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Lockheed Martin announces voluntary layoff program for Aeronautics business

Lockheed Martin has announced a voluntary layoff program affecting its Aeronautics business.

The layoff program is meant to reduce employment by around 1,000 positions.

The program is available to mid-level employee groups in Fort Worth, Texas; Marietta, Ga.; Palmdale, Calif.; Meridian, Miss.; Clarksburg, W.V.; Patuxent River, Md.; and Edwards Air Force Base, Calif.

In a release, the company called the action necessary in order to be “competitive in the future marketplace, secure future business opportunities, and keep an infrastructure appropriately aligned with customer demands.”

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

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