Lockheed Martin to cut 600 jobs amid tough market

|About: Lockheed Martin (LMT)|By:, SA News Editor

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.