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Business/Financial

Quarter of Lockheed Martin’s Execs Apply For Voluntary Separation Program

DDN

Thursday, September 9th, 2010

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By Calvin Biesecker Lockheed Martin [LMT] yesterday said that just over 600 of its executives, or about 25 percent of its total executive population, applied to receive financial incentives in return for voluntarily departing the company as the defense contractor moves to slash costs. Lockheed Martin didn't say how much it expects to save through its Voluntary Executive Separation Program (VESP) other than to say it will result in "substantial savings" in 2011 and on a recurring basis in 2012…

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

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Congress

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

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Congress

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Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

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