Lockheed Martin

Companies lay off vast numbers of workers with such regularity that you may not have noticed the announcement. Last week Citigroup Inc. said it would lay off 11,000 workers worldwide, citing a need to reduce expenses. Yet, at the same time, Citi revealed it gave top execs hefty "incentive awards," including ...

Four of the largest U.S. manufacturers on Monday unveiled plans for a new group committed to train military veterans to work in the manufacturing sector. General Electric Co., Alcoa Inc., Boeing Co. and Lockheed-Martin Corp. said they would provide financial support to the "Get Skills to Work Coalition." ...

Sometimes in meetings at JPMorgan Chase & Co., Ryan Enriquez is tempted to bark at his employees to "lock it up" when conference calls lose focus. And when he's managing projects in the mortgage division, he sometimes finds himself adopting the Marine Corps' 5-Paragraph Order to introduce order to the ...

By Bridget Quigg Once they've received their last paycheck from Uncle Sam, where do most military folks go to find the next one? It turns out that many don't travel far. Former military members often get picked up by companies that work directly with the federal government and the military. Online ...

By JONATHAN FAHEY NEW YORK (AP) -- The wars in Iraq and Afghanistan are winding down, Osama bin Laden is dead, and the federal government is deeply in debt. This spells the end of what was a golden decade for the defense industry. In the decade since the Sept. 11 attacks, the annual defense budget has more ...

You can add aerospace to the list of industries that seem to be sputtering. The latest sign of this is Lockheed Martin's announcement that they are offering voluntary lay-off packages to about 6,500 employees. All U.S.-based, salaried employees who report to Lockheed's corporate headquarters or internal ...

Lockheed Martin's aeronautics unit said on Thursday that it plans to cut about 1,500 jobs to reduce costs. The aeronautics unit, which produces the F-16 multi-role fighter jet, C-130 military transport aircraft as well as the F-35 Joint Strike Fighter, said some salaried workers would be offered voluntary ...

DENVER -- Aerospace and defense contractor Lockheed Martin Corp. plans to cut 1,200 employees in its space systems equipment division. The company said Tuesday that the cuts will be nationwide and trim the division's 16,000-person work force by nearly 8 percent. The company said middle management will be ...