Friday, October 4, 2013

Lockheed Martin blames 3,000 layoffs on budget standoff

Published: Oct. 4, 2013 at 4:40 PM. BETHESDA, Md., Oct. 4 - Lockheed Martin, the prime contractor of the F-35 Lightning fighter, plans to begin furloughing some 3,000 workers beginning Monday, the firm said. Lt. Gen. Chris Bogan, the general heading the F-35 program, told The Wall Street Journal Thursday, the government shutdown has delayed flight tests and deliveries of aircraft. Lockheed delivered 80 F-35 jets to the Department of Defense last month and the U.S. Marine Corps hopes to have the first combat-ready squadron of F-35s by late 2015. Defense contractor United Technologies this week also announced furloughs because of the shutdown's effect on contract awards, payments and inspection work.

Source: http://www.upi.com/Business_News/2013/10/04/Lockheed-Martin-furloughing-3000-employees/UPI-27151380919203/

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