PARIS — Lockheed Martin on Nov. 14 said it is closing its Space Systems division’s operation in Newtown, Pa., and shuttering four other buildings at the division’s Sunnyvale, Calif., facility by 2015 as part of a corporate-wide cost reduction that will result in a workforce reduction of 4,000.
Bethesda, Md.-based Lockheed Martin said 2,000 of the 4,000 job losses would be in the Information Systems & Global Solutions (IS&GS); Missile System and Training; and Space Systems divisions.
Some of the Space Systems and IS&GS employees now working at the facilities to be closed will move to Lockheed’s Denver and Valley Forge, Pa., facilities. Here is the company’s summary of decisions and consequences for the three concerned facilities in the Space Systems division:
- Newtown, Pa.: “The Newtown facility will close by early 2015 with most commercial and military satellite work transferring to Lockheed Martin’s Denver, Colo., facility. This will be a phased process over the next 12 to 18 months.
“Impact: This site currently employs approximately 1,050 employees and 800 positions are expected to be impacted. We will reduce 500,000 square feet of facility space.”
- Denver: “Over the next 1-2 years, we will create improved manufacturing, assembly and test operations in Denver. The initial move date is targeted for the end of 2014, with a goal of fully qualified production capabilities in 2015. Our goal is to be fully transitioned from Newtown, and fully functioning in Denver by the end of 2015.
“Impact: We plan to make approximately 200,000 square feet of facility modifications in Denver and we expect to relocate or hire approximately 350 employees.”
- Sunnyvale, Calif.: “We have invested nearly $220 million in our Bay Area operations in the past five years. As we upgrade these facilities, we have been consolidating operations. As part of this strategy, we will close four buildings on the campus.
“Impact: Approximately 200 positions will be eliminated. We will remove approximately 600,000 square feet of facility space.”
