Textron plans to lay off nearly 2,000 employees at its TRU Simulation + Training, Textron Aviation and Industrial divisions to cut operating expenses as it restructures in response to challenges from the COVID-19 pandemic, the company said in a Securities & Exchange filing June 18.
Heidi Wood, an aerospace and defense analyst-turned-strategist, will temporarily take over pilot training and simulator provider CAE’s defense and security group after recent hire Todd Probert left for a job in the U.S. national security realm.
The Pentagon is canvassing industry to gauge whether other companies besides F-35 incumbent Lockheed Martin are capable of fulfilling a performance-based logistics (PBL) contract.