Facing cost pressures on the F-22 and plans to meet an internal goal to cut C-130J costs by $10 million, Lockheed Martin Aeronautical Systems said yesterday it will eliminate up to 2,000 positions over the next year. About 9,550 people work at its Marietta, Ga., plant. The cuts are in addition to layoffs of about 380 people in January. "We have already begun a number of initiatives, including significant process improvements, to make Aeronautical Systems more competitive and cost- ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Lockheed Martin to cut 2,000 jobs at Marietta facility".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.