Capital Business Blog: Lockheed Martin

Posted at 10:21 AM ET, 10/08/2012

Lockheed splits electronic systems business in two

New units will be Missiles and Fire Control and Mission Systems and Training. About 200 jobs will be cut.

By Marjorie Censer  |  10:21 AM ET, 10/08/2012 |  Permalink  |  Comments ( 0)
Categories:  Movies | Tags:  Lockheed Martin, defense contractor, government contracting, SAIC, divest, split, Marillyn Hewson

Posted at 11:52 AM ET, 10/01/2012

Lockheed will not issue layoff notices to employees

Firm will skip a move it had said it could be required to make given the threat of sequestration.

By Marjorie Censer  |  11:52 AM ET, 10/01/2012 |  Permalink  |  Comments ( 0)
Tags:  Lockheed Martin, WARN Act, layoff notices, defense contractors, government contracting, sequestration

Posted at 05:56 PM ET, 07/10/2012

Lockheed cuts employees in mission systems and sensors unit

One D.C.-based unit has cut its workforce by 740 employees — 432 voluntarily and 308 involuntarily.

By Marjorie Censer  |  05:56 PM ET, 07/10/2012 |  Permalink  |  Comments ( 0)
Tags:  Lockheed Martin, government contracting, layoffs