Story ID: 713 LockMart  closures
Lockheed Martin Closing Four Plants
By: Chris Pocock
Caption: 
Word Count: 173
Lockheed Martin  announced last Friday that it plans to close four facilities and reduce  operations at a fifth, with the loss of 2,000 jobs. The closures affect the  company’s Information Systems & Global Solutions (IS&GS); Mission  Systems and Training (MST); and Space Systems business areas. A further 2,000  jobs in these business areas will be eliminated through “operational efficiency  initiatives,” the company said. 
    
The closures  include the IS&GS facility at Goodyear, Arizona. The programs there will  move to Lockheed Martin’s Denver, Colorado and Valley Forge, Pennsylvania  facilities. Lockheed Martin (Stand 1975, Chalet A19, A20) is also shedding most  of the workforce at Akron, Ohio, although the Air Dock there will remain open  to house ongoing lighter-than-air programs. Operations at Newtown, Pennsylvania  and Horizon City, Texas will also end, and four buildings at Sunnyvale,  California will close.
    
“In the face of  government budget cuts…these actions are necessary for the future of our  business,” said Marillyn Hewson,  Lockheed Martin’s president and CEO.