Archive | July 9, 2011

Washington Post | Lockheed to cut 1,500 jobs, on top of 1,200 cut earlier this month, as defense spending wanes

By The Associated Press Published: 30 June 2011 FORT WORTH, Texas — Defense contractor Lockheed Martin Corp. plans to cut 1,500 jobs in its airplane-making business, saying it needs to cut costs due to the prospect of limited defense spending. The announcement Thursday comes two weeks after the company announced 1,200 job cuts in its […]