Lockheed Martin Closing Four Plants
Lockheed Martin announced last Friday that it plans to close four facilities and reduce operations at a fifth, with the loss of 2,000 jobs. The closures affect the company’s Information Systems & Global Solutions (IS&GS); Mission Systems and Training (MST); and Space Systems business areas. A further 2,000 jobs in these business areas will be eliminated through “operational efficiency initiatives,” the company said.
The closures include the IS&GS facility at Goodyear, Arizona. The programs there will move to Lockheed Martin’s Denver, Colorado and Valley Forge, Pennsylvania facilities. Lockheed Martin (Stand 1975, Chalet A19, A20) is also shedding most of the workforce at Akron, Ohio, although the Air Dock there will remain open to house ongoing lighter-than-air programs. Operations at Newtown, Pennsylvania and Horizon City, Texas will also end, and four buildings at Sunnyvale, California will close.
“In the face of government budget cuts…these actions are necessary for the future of our business,” said Marillyn Hewson, Lockheed Martin’s president and CEO.