Business

July 10, 2012

Lockheed Martin’s Mission Systems & Sensors Business reduces workforce by 740

Written by:
More articles by »

Lockheed Martin’s Mission Systems & Sensors business announced a reduction in its workforce of 740 July 10 as part of a continuing effort to improve efficiency and affordability amid a challenging budget environment.

The company today notified 308 U.S.-based employees they will no longer have employment with the company.

This action follows a voluntary layoff program that took place in May and resulted in 432 employees voluntarily exiting the business. The combined efforts reduced the total workforce of MS2 by approximately five percent.

“Given the budget pressures facing our customers, Lockheed Martin is examining every aspect of our business to ensure we are as efficient and cost effective as possible in meeting their needs,” said Dale P. Bennett, president of Lockheed Martin Mission Systems & Sensors business. “Reducing our workforce is a difficult but necessary decision to position our business for future growth and ensure we remain competitive.”




All of this week's top headlines to your email every Friday.


 
 

 

Headlines November 17, 2014

News: Fight over A-10 re-opens Hill, Air Force divide - After a relatively quiet summer, the battle for the future of the A-10 Warthog exploded in the last two weeks, reopening deep fissures between Congress and the Air Force that seem to show the two sides at a total stalemate. Chances for sequester relief fade as...
 
 

News Briefs Nov, 17, 2014

Second stealthy destroyer starting to take shape The second of three stealthy destroyers under construction in Maine is starting to take shape. The Navy says it has completed the hoisting of the 1,000-ton composite deckhouse onto the 610-foot hull of the future USS Michael Monsoor. It took four cranes to complete the job Nov. 14....
 
 
NASA photograph by Jim Yungel

NASA DC-8 continues west Antarctic ice study

NASA photograph by Jim Yungel The Thurston Island calving front off of western Antarctica as seen from the window of NASA’s DC-8 flying observatory Nov. 5, 2014. NASA’s DC-8 flying laboratory has two weeks of suppor...
 

 
NASA photograph by Emmett Given

NASA opens registration for 2015 Exploration Rover Challenge

NASA photograph by Emmett Given Pedaling across a simulated alien landscape of rock, craters and shifting sand is one of the nearly 90 teams of high school, college and university students from across the United States and arou...
 
 
Lockheed Martin photograph

Lockheed Martin begins final assembly of NASA’s next Mars lander

Lockheed Martin photograph Technicians in a Lockheed Martin clean room prepare NASA’s InSight Mars lander for propulsion proof and leak testing on Oct. 31, 2014. Following the test, the lander was moved to another clean room ...
 
 
Air Force photograph by Isaac Cruz

‘Batman’ fix to sustain C-5s for decades, saving millions

Robins Air Force Base, Ga., has hit another milestone by being the first to complete a new major structural repair on a C-5M which will bring in millions of dollars in revenue and sustain the Air Force’s fleet for decades...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>