By Calvin Biesecker In response to Pentagon demands for contractors to cut their costs amid constrained budgets, Lockheed Martin [LMT] yesterday said it is introducing a voluntary executive separation program to thin its leadership ranks to "reduce overhead and improve affordability." The cost-cutting move is one in a series of recent steps by the nation's largest defense contractor to tighten and streamline its organization. "We're taking bold and responsible action to address the new reality of our business environment consistent…
Lockheed Martin Thinning Leadership Ranks To Trim Costs
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