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Business/Financial

Lockheed Martin Reducing Workforce At Missiles And Fire Control Segment

By Cal Biesecker

Thursday, October 15th, 2015

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Lockheed Martin Reducing Workforce At Missiles And Fire Control Segment

Air Force Joint Air-to-Surface Standoff Missile designed and produced by Lockheed Martin's Missiles and Fire Control segment. Photo: Lockheed Martin

Lockheed Martin [LMT] said it is trimming 250 positions from its workforce at its Missiles and Fire Control (MFC) segment to lower its costs.“There is no single program that caused the change. It’s just an overall belt tightening,” the company said in a statement. “This action is a normal response to changes in our overall business base.”The reductions, which will be achieved through various means including involuntary layoffs, will occur between now and late November, the statement said.Lockheed Martin said…

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