• Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues


Lockheed Martin Eliminates 130 New Jersey Jobs

Lockheed Martin's Maritime Systems and Sensors unit laid off 472 people yesterday, including 130 in Moorestown, New Jersey, according to a unit spokesperson. Seventy-three of those 130 were part of the Association of Scientists and Professional Engineering Personnel union.

The company initiated the layoffs "to bring our staffing levels into line with the current and future workloads and to make our products more affordable in this difficult economic environment," said unit spokesperson Bruce Yost.

The defense contractor, based in Bethesda, Maryland, announced the layoffs in January. The unit planned to reduce its work force by 1,200 employees, but ultimately cut fewer than 1,000 positions.

Lockheed Martin now employs approximately 4,300 people in Moorestown.
U.S. Manufacturers Attempting to Upskill Their Workforces
Geraldine Gambale, Area Development Magazine
Developing Loyalty Among a Millennial Workforce
Geraldine Gambale, Area Development Magazine
Technological Innovation Essential to U.S. Manufacturing Growth
Geraldine Gambale, Area Development Magazine
Which Countries Have Lowest Business Costs?
Geraldine Gambale, Area Development Magazine
Ideas for Industry Innovation Ecosystems Put Into Play
Craig Giffi, Deloitte LLP
Michelle Drew Rodriguez, Deloitte Services LP
All Studies/Research/Papers

Follow Area Development