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Business/Financial

Lockheed Martin Plans New Round of Voluntary Staff Reductions

Defense Daily Staff

Wednesday, July 20th, 2011

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Similar to a move it made a year ago, Lockheed Martin [LMT] yesterday announced a voluntary layoff program for its corporate headquarters and related enterprise business support staff in an effort to realign its corporate staff with the needs of its Aeronautics and Space Systems sectors, which are thinning their employee ranks, and to reduce costs. Last July, Lockheed Martin announced a voluntary separation program for its executive ranks, which resulted in 600 of the company’s leaders taking the severance…

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

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Congress

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Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

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