Lockheed Martin’s Sikorsky plans to lay off employees due to the U.S. Army’s decision to cancel the Future Attack Reconnaissance Aircraft program, NBC Connecticut’s Angela Fortuna reports. A spokesperson told NBC Connecticut that amounts to less than 1% of parent company Lockheed Martin’s workforce. “We intend to retain as many roles as possible to meet national security commitments and preserve the U.S. rotary wing industrial base,” the spokesperson said. In a statement, Senator Chris Murphy said the layoffs could impact as many as 400 jobs.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- A Mightier Dollar: 6 Stocks that Benefit from Booming Bucks
- Lockheed Martin (NYSE:LMT) Lands $17B Contract to Develop Next-Gen Interceptors
- Lockheed Martin selected by U.S. MDA to provide Next Generation Interceptor
- Lockheed selected for NGI awarded over Northrop Grumman, says Jefferies
- Lockheed awarded $17B U.S. missile defense contract, Reuters reports