Subscribe free to our newsletters via your
. GPS 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
Paraguay's Cartes vetoes grain export tax

Unregulated, agricultural ammonia threatens national parks' ecology

Badgers ultimately responsible for around half of TB in cattle

France's Dumex pledges change after China bribery claims

MILPLEX
CU, MIT breakthrough in photonics could allow for faster and faster electronics

Researchers demonstrate 'accelerator on a chip'

Spirals of Light May Lead to Better Electronics

Promising new alloy for resistive switching memory

MILPLEX
EU revives airline carbon tax proposal

In Israel, lingering bitterness over a failed fighter project

Brazil aims to build advanced fighter jets with Russia

Northrop Grumman to Upgrade French Navy E-2C Hawkeye Fleet

MILPLEX
GM to launch dual-fuel car in 2014

Safety of in-car WiFi proposal questioned by researchers

Anger over German stance on auto CO2 emissions

Romanians saddle up for bike Renaissance

MILPLEX
Foreign investment in China up 6.2% in first nine months

Fast and malodorous: Bangkok's "khlong" boat network

Australia to keep Japan and China as partners: Bishop

Russia's Nord Gold wins license for Siberian gold field

MILPLEX
Massive spruce beetle outbreak in Colorado tied to drought

Historic trends predict future global reforestation unlikely

Forests most likely to continue shrinking

Death of a spruce tree

MILPLEX
Astrium Enhances TerraSAR-X Resolution and Coverage Capabilities

Iron in the Earth's core weakens before melting

DroneMetrex Accomplishes Another Mapping Project Using Its Unique Topodrone-100

Flood maps from satellite data can help emergency response

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