Lockheed Martin to cut 1,200 US jobs

Jan 06, 2010

US global security giant Lockheed Martin said Wednesday it will cut approximately 1,200 US jobs as part of a restructuring within its electronics systems business area.

Lockheed announced the job reductions as it unveiled the name and senior-level organizational structure for a new business created in a realignment of two prior stand-alone businesses.

Mission Systems & Sensors, abbreviated by the company as MS2, was launched on January 1 and combines the former Maritime Systems & Sensors, supporting maritime forces, with Systems Integration - Owego.

"As a result of the anticipated synergies and efficiencies the combination will bring, the company expects to eliminate approximately 1,200 US positions from the MS2 business," the company said.

Lockheed said it would notify the affected employees by early April.

Explore further: Image: Rosetta's comet looms

add to favorites email to friend print save as pdf

Related Stories

Lockheed Martin aerospace division to cut 800 jobs

Aug 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.

Cisco lays off hundreds of workers

Jul 17, 2009

US computer networking giant Cisco Systems has laid off between 600 and 700 employees at its headquarters in San Jose, California, in a bid to reduce costs amid slow sales, The Wall Street Journal reported ...

Atlas IIAS Launch Postponded Once Again

Aug 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.

Ericsson sells defense business to Saab

Jun 12, 2006

Sweden's Ericsson will be selling its defense business to Saab. The electronics group will be selling Ericsson Microwave Systems AB as well as its 40-percent stake in Saab Ericsson Space to Saab. The deal is expected to ...

Recommended for you

Image: Rosetta's comet looms

2 hours ago

Wow! Rosetta is getting ever-closer to its target comet by the day. This navigation camera shot from Aug. 23 shows that the spacecraft is so close to Comet 67P/Churyumov-Gerasimenko that it's difficult to ...

A salty, martian meteorite offers clues to habitability

3 hours ago

Life as we know it requires energy of some sort to survive and thrive. For plants, that source of energy is the Sun. But there are some microbes that can survive using energy from chemical reactions. Some ...

User comments : 0