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Wednesday, Oct 16
Lockheed Martin to cut 600 jobs amid tough market
- Lockheed Martin (LMT) will lay off 600 employees in its Mission Systems and Training Division this month.
- The plan is not linked to the government shutdown, but instead stems from a lackluster business environment, Reuters notes, citing a company spokesman.
- "This action is necessary to address continuing challenges in our business environment, including continued uncertain program funding, delays in contract awards and an extremely competitive market," LMT says.