Lockheed Martin (LMT) Announces Headcount Reduction for IS&GS Unit

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Go back to Lockheed Martin (LMT) Announces Headcount Reduction for IS&GS Unit

Lockheed Martin Announces Workforce Reductions for IT Services Business

September 9, 2015 8:30 AM EDT

BETHESDA, Md., Sept. 9, 2015 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today announced that its Information Systems & Global Solutions (IS&GS) segment will reduce its workforce by approximately 500 positions by mid-November 2015. This action is in response to shifting government priorities, changing industry dynamics and efforts to improve IS&GS' competitiveness.

Lockheed Martin announced in July 2015 that it would conduct a strategic review of its government IT and technical services businesses, primarily in the IS&GS business... More