Lockheed's Aeronautics Unit to Cut Jobs

lockheed cut
lockheed cut

Lockheed Martin's aeronautics unit said on Thursday that it plans to cut about 1,500 jobs to reduce costs.

The aeronautics unit, which produces the F-16 multi-role fighter jet, C-130 military transport aircraft as well as the F-35 Joint Strike Fighter, said some salaried workers would be offered voluntary layoffs to minimize the number of involuntary layoffs that would occur.