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Latest Lockheed Martin Items
Lockheed Martin on Monday backed down from its summertime threat to issue layoff warnings to employees just before the November election, saying the Obama administration has given assurances that it won't immediately kill any major defense contracts when automatic spending cuts go into effect in January.
As a Georgia Tech graduate, I honestly believe Georgia Gov. Nathan Deal hit the nail on the head when he described the economic implications that Obamacare will have on the state I used to call home ("Georgia's budget can't take Obamacare," Commentary, Friday).
Senate Democrats rejected a Republican effort to force defense contractors to send out notices of possible job layoffs four days before the election, calling the move politically driven and purely speculative based on looming spending cuts.
President Obama's administration doesn't see the need for defense contractors to warn employees about possible layoffs from across-the-board budget cuts, but in 2007, then-Sen. Barack Obama railed against employers failing to notify workers who were in danger of losing their jobs.
Republicans on Tuesday accused the White House of trying to "intimidate" defense companies into keeping silent about major job losses if automatic military spending cuts take effect early next year, after the administration said Monday that it would be "inappropriate" for employers to warn workers of layoffs.
Through a labyrinth of hallways deep inside a 1960s-era building that has housed research that dates back to the early years of U.S. space travel, a group of scientists in white coats is stirring, mixing, measuring, brushing and, most important, tasting the end result of their cooking.
Striking Lockheed Martin Corp. machinists will vote Thursday on a new labor deal.
The Pentagon could hold onto its crown jewel weapon systems even though looming automatic federal spending cuts would inflict a $54 billion gash in the 2013 defense budget, military budget analysts say.
The Pentagon could hold on to its crown-jewel weapon systems even though looming automatic federal spending cuts would inflict a $54 billion gash in the 2013 defense budget, military budget analysts say.