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Lockheed Martin To Consolidate Mission Systems, Sensor Facilities

DDN

Friday, November 19th, 2010

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Lockheed Martin [LMT] yesterday said that it plans to close its Eagan, Minn., facility by 2013 and move manufacturing work from its Middle River, Md., site by the end of 2011. The decisions, announced by the company's Mission Systems and Sensors (MS2) business, will affect about 1,000 jobs in Minnesota and 60 in Maryland. Additionally, the majority of the Ground Vehicles business, including the Joint Light Tactical Vehicle program, managed by Missiles and Fire Control (MFC) and based in Owego,…

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