The Traderszone Network

Published in TZ Latest News 8 September, 2015 by The TZ Newswire Staff

Lockheed Martin to lay off 500 in information systems, government services unit: source

Lockheed Martin Corp will announce plans on Wednesday to lay off about 500 people across its information systems and government services division, which it plans to sell or spin off later this year, a person familiar with the plans said. Lockheed in July announced it would buy Sikorsky Aircraft, a unit of United Technologies Corp for $9 billion, and said it would carry out a strategic review of alternatives for its information technology and government services division.