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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.
Comments (1)
  • nemonemo
    , contributor
    Comments (310) | Send Message
     
    No worries. Obama got your back.
    16 Oct 2013, 11:00 PM Reply Like
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