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home : latest news : latest news September 30, 2014


11/18/2013 9:09:00 AM
Lockheed Martin job cuts won't affect Prescott Valley
Lockheed Martin will close its plant in Goodyear as part of its cutbacks, but the Prescott Valley facility “is not impacted at this time,” according to a company official.
Matt York/AP
Lockheed Martin will close its plant in Goodyear as part of its cutbacks, but the Prescott Valley facility “is not impacted at this time,” according to a company official.
Matt York/AP
Staff and wire reports


Aerospace contractor Lockheed Martin company officials announced Thursday that they would cut 4,000 jobs, about 3.5 percent of its workforce, as the defense contractor continues to look for ways to lower costs amid reduced government spending.

However, the company has no plans at this time to cut any jobs at its automated flight service station in Prescott Valley, a Denver-based spokeswoman said.

"That facility is not impacted at this time," Suzanne Smith said Friday.

Lockheed is closing four U.S. plants, including the one in Goodyear. Company officials said they have cut the workforce to 116,000 employees from 146,000 since 2008.

Lockheed Martin announced plans in 2005 to open the flight center in a 50,000-square-foot building on East Valley Road in Prescott Valley. Current employment figures are unavailable, but Lockheed officials said in 2005 that they planned to hire 200 to 300 employees to man it.


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