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Business/Financial

Job Losses Already Set For Lockheed Employees As Space Shuttle Fleet To Retire By 2010

DDN

Monday, August 4th, 2008

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Thousands of job losses stemming from the space shuttle fleet retirement, long feared, are about to begin. Lockheed Martin Corp. [LMT] announced that this fall it will begin workforce reductions at the Michoud Operations in Louisiana, a state already hard hit by Hurricane Katrina. Layoffs will begin this fall and continue through 2010, when the space shuttle fleet is mandated to retire. The employees make the gigantic external fuel tanks for the shuttle at the NASA Michoud Assembly Facility. Job…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]