NASA Cutbacks Causes Lockheed To Move 300 Positions and Cut 300 Contractors

Lockheed Martin is moving 300 positions away from development of the Orion space capsule and dropping another 300 subcontractors from the project over the next month. The Littleton-based division of the defense and aerospace giant Lockheed Martin Corp. said the move is necessary after NASA decided contractors should bear the costs of winding down the […]
Lockheed Martin is moving 300 positions away from development of the Orion space capsule and dropping another 300 subcontractors from the project over the next month. The Littleton-based division of the defense and aerospace giant Lockheed Martin Corp. said the move is necessary after NASA decided contractors should bear the costs of winding down the canceled Constellation space program, of which Orion was a part. NASA has yet to unveil what kind of funding the new mission for Orion carries with it. And the agency also recently informed Constellation contractors that NASA wouldn’t pay costs associated with halting the program. That left Lockheed Martin to cut work hours, reduce purchasing and make other adjustment to keep Orion going on its remaining fiscal 2010 funding. Lockheed Martin’s Orion project, managed from Houston, employs about 3,500 people, including subcontractors working for major aerospace companies such as Aerojet, Alliant Techsystems (ATK), Hamilton Sundstrand, Honeywell, and United Space Alliance. More 500 smaller contractors in 28 states also work on the project. The biggest concentrations of Orion workers are in the Denver area, Houston, New Orleans and Cape Canaveral, Fla. About 600 Lockheed Martin Space Systems employees in the Denver area design Orion. Another 150 Lockheed Martin employees work on the project elsewhere in the state. Read more: – Denver Business Journal http://denver.bizjournals.com/denver/stories/2010/06/14/daily70.html?ana=yfcpc If you enjoyed this information:
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