SALINA, N.Y. — Lockheed Martin Corp. (NYSE: LMT) announced it plans to shift jobs to its plant in Salina as part of a consolidation in one of its business units.
“In our ongoing effort to drive down costs for customers and increase efficiency and value, we are consolidating some operations in our Rotary and Mission Systems business to better align employees, technology and facilities to meet customer needs,” a Lockheed Martin spokesperson said in an email to CNYBJ. “Lockheed Martin announced that several maritime programs will relocate to other Rotary and Mission Systems facilities, including Syracuse.”
Local media reports in the affected markets had indicated that the Bethesda, Maryland–based defense contractor had plans to close two of its plants in that process, including facilities in Middle River, Maryland and Marion, Massachusetts.
(Sponsored)
Why ESG and Sustainability Reporting Matters for Your Business
As the landscape of financial reporting has evolved, the concept of environmental, social and governance (ESG) and sustainability has grown exponentially. In 2011, only 5% of S&P 500 companies reported
Insurance Rates: What is really going on with these premiums and why they seem to be increasing!
This is a question we continuously get asked at CH Insurance. Clients with a good loss history, timely payments, excellent credit, and very good policies and procedures. All across the
The Baltimore Sun on Friday reported that Lockheed Martin plans to close its plant in Middle River, Maryland within two years and relocate the work to other company locations. That plant employs 465 people, the publication reported.
In addition, the website of WPRI-TV in Providence, Rhode Island on Friday reported that the defense contractor planned to close its plant in Marion, Massachusetts.
The jobs that Lockheed Martin expects to relocate are primarily engineering and production related, the firm tells CNYBJ. The Salina plant currently employs about 1,800, but it is not yet known how many positions Lockheed will add to the plant.