Subscribe free to our newsletters via your
. Military Space News .




MILPLEX
Lockheed cuts 600 jobs, says not linked to shutdown
by Staff Writers
New York City (AFP) Oct 17, 2013


Defense contractor Lockheed Martin said Thursday it will lay off 600 US workers in its missions systems and training business, in a move not linked to the government shutdown.

"This action is necessary to address continuing challenges in our business environment, including continued uncertain program funding, delays in contract awards and an extremely competitive market," the company said in an email to AFP.

"While the government shutdown did impact our business this action is independent from that event."

The defense and aerospace giant had put about 2,400 employees on leave without pay after a bitterly divided Congress failed to fund the 2014 fiscal year that began October 1, forcing a partial federal government shutdown that furloughed hundreds of thousands of civil servants and hit Pentagon contractors particularly hard.

Lockheed said it was "pleased" that Congress and the White House had reached an 11th-hour agreement late Wednesday to fund the government through January 15, ending the 16-day shutdown.

"We expect all US government facilities to open, stop work orders to be lifted and for our operations to return to normal as soon as our customers are all back in place and have informed us that we may resume many critical programs that were halted during the shutdown," the Bethesda, Maryland-based company said on its website.

"While we welcome today's news, we urge Congress and the administration to focus on long-term solutions to confront the difficult fiscal issues facing our country."

The Washington deal also extended the nation's debt ceiling through February 7, staving off a potentially catastrophic default that could damage the US and global economies. The US Treasury had warned that it would run out of borrowing room by Thursday if the $16.7 trillion limit were not lifted.

But both the spending and debt ceiling provisions only last until early next year, leaving the prospect of further uncertainty over fiscal policy amid political wrangling between President Barack Obama's Democrats and rival Republicans.

ved-vs/pmh

LOCKHEED MARTIN

.


Related Links
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








MILPLEX
Russia reports surge in S. America arms sales
Rio De Janeiro (UPI) Oct 16, 2013
Russia is reporting a new surge in arms sales in Latin America after talks in Peru and Brazil this week and moves elsewhere in the region toward increased military supplies. Moscow media boasted Russia is now the largest arms supplier to Latin America. RIA Novosti said talks were advanced on supplying helicopters to Peru and jet fighters to Brazil, upgrades to military hardware already ... read more


MILPLEX
US Navy Next Gen Air And Missile Defense Radar Contract Awarded

Raytheon's newest Standard Missile-3 intercepts medium-range ballistic missile target

Lockheed Martin's Aegis BMD System Completes Highest Target Intercept Yet

Israel seeks U.S. funds for Arrow-2 to counter Iran

MILPLEX
Saudi Arabia, UAE seek U.S. missiles

Raytheon demonstrates new seeker technology for Tomahawk

Raytheon awarded Standard Missile-6 contract

US ally Turkey defends choice of Chinese missiles

MILPLEX
Iran claims breakthrough with Israeli-lookalike combat UAVs

Raytheon AI3 intercepts its first UAS target

Iran unveils short-range reconnaissance drone

Boeing QF-16 Aerial Target Completes First Pilotless Flight

MILPLEX
Third Advanced EHF Satellite Will Enhance Resiliency of Military Communications

USAF Launches Third Advanced Extremely High Frequency Satellite

Atlas 5 Lofts 3rd AEHF Military Comms Satellites

Unified Military Intelligence Picture Helping to Dispel the Fog of War

MILPLEX
Boeing Delivers Watchstander Integrated Security Solutions to Delaware Refinery

US Army seeks 'Iron Man' armor for commandos

S. America security industry business on the rise

U.S. army mulls replacing Vietnam-era vehicles

MILPLEX
Lockheed cuts 600 jobs, says not linked to shutdown

Russia reports surge in S. America arms sales

Russian defense minister due in Brazil for talks

Congress restores US military death benefits

MILPLEX
'Secret' Japan-China talks held over island row: reports

Japan PM hints at amending pacifist constitution

Commentary: Geopolitical amnesia

'De-Americanised' world needed after US Shutdown: China media

MILPLEX
Densest array of carbon nanotubes grown to date

Nanoscale neuronal activity measured for the first time

Container's material properties affect the viscosity of water at the nanoscale

Molecules pass through nanotubes at size-dependent speeds




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement