Subscribe free to our newsletters via your
. 24/7 Space 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
NASA's moon landing remembered as a promise of a 'future which never happened'

Russia could build manned lunar base

China unveils its first and unnamed moon rover

Mission to moon will boost research and awareness

MILPLEX
Russia to Make Second Attempt at Mars Moon Mission

Curiosity confirms origins of Martian meteorites

Mission To Mars: A Critical Step In Space Globalization

Russia to make another attempt to bring back Mars moon material

MILPLEX
US universities make big bets on startups

Iran plans new monkey space launch

Scott Carpenter, second American in orbit, dies at 88

NASA ban on Chinese scientists 'inaccurate': lawmaker

MILPLEX
Ten Years of Chinese Astronauts

NASA vows to review ban on Chinese astronomers

China criticises US space agency over 'discrimination'

NASA ban on Chinese scientists 'inaccurate': lawmaker

MILPLEX
Aerojet Rocketdyne Thrusters Help Cygnus Spacecraft Berth at the International Space Station

First CASIS Funded Payloads Berthed to the ISS

Unmanned cargo ship docks with orbiting Space Station

New space crew joins ISS on Olympic torch mission

MILPLEX
Sunshield preparations bring Gaia closer to deep-space Soyuz launch

SES-8 Arrives At Cape Canaveral For SpaceX Falcon 9 Launch

Spaceport Colorado and S3 Sign Memorandum of Understanding

Milky Way-mapping Gaia receives its sunshield

MILPLEX
Water discovered in remnants of extrasolar rocky world orbiting white dwarf

Space 'graveyard' reveals bits of an Earth-like planet

Scientists generate first map of clouds on an exoplanet

Diamond 'super-earth' may not be quite as precious

MILPLEX
SES Partners With ESA To Develop Innovative Satellite Platform Electra

British engineers hope to reboot 50-year-old computer

Circadian rhythms in skin stem cells protect us against UV rays

Northwestern Researchers Develop Compact, High-Power Terahertz Source at Room Temperature




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