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Lockheed Martin to cut 1,000 jobs in aeronautics unit

09 March 2016

US defence contractor Lockheed Martin today said that it aims to reduce 1,000 jobs in its aeronautics business in the US, or about 0.8 per cent of its total workforce.

The Maryland-based company said that its ''Aeronautics business area announced a voluntary layoff program that is targeted to reduce employment by approximately 1,000 positions at locations in the United States.''

Lockheed Martin employs some 126,000 people world-wide, it said in a news release

The voluntary program is for mid-level employee groups in Fort Worth, Texas; Marietta, Georgia; Palmdale, California; Meridian, Mississippi; Clarksburg, West Virginia; Patuxent River, Maryland; and Edwards Air Force Base, California.

Lockheed Martin said that the ''action is necessary to position the unit to be competitive in the future marketplace, secure future business opportunities, and keep an infrastructure appropriately aligned with customer demands.''

Fort Worth, Texas-based Lockheed Martin Aeronautics makes fighter jets including the F-35 and the F-22.


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