Lockheed Martin released that there will be reductions in employment across its Aeronautics business area as part of a plan to improve the affordability of its products and increase operational efficiency. Lockheed Martin currently has about 28,000 employees at its principal Aeronautics sites in Texas, Georgia and California and at six smaller locations in as many states. Reductions may occur across the enterprise, with the greatest impacts occurring at the larger sites. An organizational assessment will determine how to trim the organization with a target reduction of approximately 1,500 employees.
Ralph D. Heath, executive vice president, Lockheed Martin Aeronautics, said, “Bold and responsible action is necessary to meet customer expectations and reduce our costs. We are realigning the organization to be more efficient and agile, and a reduction in force will enable us to meet the requirements of our changing business environment.”
