Lockheed Martin Corp. will lay off dozens of workers in Central Florida just before Christmas due to the loss of a contract.
The Bethesda, Maryland-based defense company (NYSE: LMT) will cut 79 employees from its Rotary & Missions Systems division at 4401 Fortune Place in West Melbourne, according to an Oct. 16 letter notifying the state. The layoffs, which will begin on a rolling basis starting Dec. 16, are due to the loss of a Persistent Surveillance Systems – Tethered (PSS-T) contract. Read more here.
