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Lockheed Martin Sheds 600 Employees Due To VH-71 Termination

By Geoff Fein Lockheed Martin [LMT] yesterday began notifying hundreds of employees that their services will no longer be needed following the White House's decision to terminate the VH-71 presidential helicopter program. "Today, we are notifying approximately 600 colleagues that their positions will be eliminated as a result of the decision to terminate the VH-71 presidential helicopter program," the company said in a statement. "Under the New York Workers Adjustment Retraining Notification Act, affected employees will receive 90 days of…

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