Lockheed closing facilities, reducing staff

BETHESDA, Md., Nov. 15 (UPI) -- Lockheed Martin is closing and consolidating facilities and slashing its workforce by 4,000 positions because of reduced U.S. government spending.

The decision announced Thursday follows follow a strategic review of current facility capacity and future workload projections as the company tries to boost efficiency and cut the costs of its products and services, Lockheed said.


"Reducing our workforce of dedicated employees and closing facilities are among the most difficult decisions we make," said Marillyn Hewson, Lockheed Martin chief executive officer and president. "In the face of government budget cuts and an increasingly complex global security landscape, these actions are necessary for the future of our business and will position Lockheed Martin to better serve our customers."

Lockheed said that by mid-2015, it plans to close operations in Newtown, Pa.; Akron, Ohio; Goodyear, Ariz.; and Horizon City, Texas; and at four buildings on its Sunnyvale, Calif., campus. A total of 2,000 jobs will be lost as a result of the closures. Ongoing operational efficiency initiatives will result in the elimination of an additional 2,000 jobs at its Information Systems & Global Solutions, Mission System and Training, and Space Systems business areas by the end of 2014.


All program work and some employees will transition to other Lockheed Martin facilities. Space Systems and Information Systems & Global Solutions will transition work to its Denver, Colo., and Valley Forge, Pa., facilities.

Facilities that will conduct work performed by Mission Systems and Training is under review.

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