Lockheed Martin aerospace division to cut 800 jobs

August 17, 2009

Lockheed Martin Space Systems Company, a division of US global security firm Lockheed Martin Corporation, said Monday it would cut about 800 jobs by year-end to improve its competitiveness.

The company said the payroll deductions represent about 4.5 percent of the overall workforce and are "aimed at improving its competitive posture."

The company will offer a voluntary layoff plan aimed at minimizing at the division's facilities, primarily in Denver, Colorado, and Sunnyvale, California.

"The action we are taking, though difficult, is necessary to adapt to our current projected business base and to maintain an appropriate workforce to meet our customers' needs," said Joanne Maguire, executive vice president of Lockheed Martin Space Systems.

The company underscored that the job cuts announced were separate from a downsizing underway as a result of the planned phase-out of the program in 2010.

Lockheed Martin Space Systems designs and develops, tests, manufactures and operates advanced-technology systems for national security and military, civil government and commercial customers.

Parent company Lockheed Martin, headquartered in Bethesda, Maryland, is a global security company and major US defense contractor that employs about 146,000 people worldwide.

(c) 2009 AFP

Explore further: High-Power and High-Energy Lithium Ion Batteries for Aerospace Applications

Related Stories

Atlas IIAS Launch Postponded Once Again

August 31, 2004

After two delays tonight's (Aug 30) launch of an Atlas IIAS has been postponed 24 hours due to weather constraints. The new launch time for Tuesday August 31 will be 6:49 pm EDT.

Recommended for you

Earth might have hairy dark matter

November 23, 2015

The solar system might be a lot hairier than we thought. A new study publishing this week in the Astrophysical Journal by Gary Prézeau of NASA's Jet Propulsion Laboratory, Pasadena, California, proposes the existence of ...

Scientists detect stellar streams around Magellanic Clouds

November 23, 2015

(Phys.org)—Astronomers from the University of Cambridge, U.K., have detected a number of narrow streams and diffuse debris clouds around two nearby irregular dwarf galaxies called the Magellanic Clouds. The research also ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.