Lockheed Martin Corp. (NYSE: LMT) is laying off 350 workers, including 69 employees at New York sites, in its mission systems and training business segment.
The 69 New York employees include workers at Lockheed Martin plants in both Salina and Owego. The firm couldn’t provide “site-specific data as not all employees have been notified yet,” Greg Lester, Lockheed Martin spokesman, said in an email message to BJNN.
“Although difficult, this action is necessary to ensure we remain competitive in the marketplace, secure future business opportunities, and keep our infrastructure appropriately aligned with customer demands,” Lester said in the company’s statement.
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Lockheed Martin said it notified the majority of the affected 350 employees on Wednesday.
The Bethesda, Maryland–based defense contractor also indicated that it will continue to conduct a “thorough analysis” of its Sikorsky business.
Lockheed Martin aligned Stratford, Connecticut–based Sikorsky Aircraft Corp. under its mission systems and training (MST) business segment.
Lockheed on July 20, 2015 announced it had agreed to acquire Sikorsky for $9 billion, an acquisition that closed in November.
Sikorsky, which specializes in the design, manufacture, and service of military and commercial helicopters, was previously a subsidiary of United Technologies Corp. (NYSE: UTX), the parent company of Carrier Corp., which has operations in DeWitt.
Lockheed will notify affected Sikorsky employees who will leave the company by the end of August, according to the Lockheed Martin statement.
Lockheed Martin is a global security and aerospace company that employs about 125,000 people worldwide.
The company has 4,200 workers between its location in Salina and Owego, according to the 2016 Book of Lists.
The defense contractor focuses on the research, design, development, manufacture, integration and sustainment of advanced-technology systems, products and services.
Contact Reinhardt at ereinhardt@cnybj.com
