New York (AirGuideBusiness - Aerospace & Defense News - Defense North America) Nov 11, 2012
Boeing Boeing is shrinking defense business to cut $1.6B. Boeing is overhauling its defense business to cut managers, combine operations and operate fewer facilities, part of an overall cost-cutting strategy that the aerospace firm says already has saved $2.2 billion and in the next few years, will cut $1.6 billion more. The need for cuts transcends the U.S. defense budget, said Boeing spokesman Todd Blecher. "No matter what happens to the defense budget, the trend line is flat to down," he said. Nov 8, 2012
Boeing SPEEA Wins Back Pay and Benefits for Hundreds of Boeing Employees in California. Employees of The Boeing Company who worked in Palmdale and Edwards Air Force Base, Calif., are due back pay and benefits that could total in the millions, according to an arbitrator. The Nov. 1 ruling said the company for years wrongly denied the engineers and technical workers the better pay and benefits of employees represented by the Society of Professional Engineering Employees in Aerospace (SPEEA), IFPTE Local 2001. Nov 6, 2012
Lockheed Martin Lockheed gets OK for $7.6B missile shield sale to UAE, Qatar. The U.S. has cleared the way for Lockheed Martin to sell up to $7.6 billion in missile defense systems to the United Arab Emirates and Qatar, which could help protect the nations from Iran. The system also may reduce the two nations' reliance on the U.S. for protection. Nov 7, 2012
Lockheed Martin Lockheed may cut jobs, but won't issue layoff notices. Lockheed Martin has said that if sequestration goes forward, it may eliminate 10,000 jobs. However, the company has decided that it will not issue layoff warning notices ahead of sequestration, following the Obama administration's guidance that such notices weren't necessary.ENews Herald (Panama City, Fla.) Nov 6, 2012
Lockheed Martin Lockheed Martin Opens Registration For Adverse Condition Alerting Service And Enhanced Flight Planning Website. Lockheed Martin Flight Services (LMFS) announced open online registration for the Automated Flight Service...