BETHESDA, Md., March 9 (UPI) -- Lockheed Martin Corp. announced a 1,000-job voluntary layoff program to reduce employment in its Aeronautics Division.
The program will be available to mid-level employee groups in seven of the company's U.S. facilities, and comes at a time of reduced defense spending. The Aeronautics Division is Lockheed Martin's largest division, providing about one-third of its revenue, and builds the F-35 fighter plane and other military aircraft.