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Lockheed Layoffs

Lockheed Martin is planning to layoff hundreds of people at facilities across the nation.
Lockheed Martin is planning to layoff hundreds of people at facilities across the nation.

We don't know yet how many employees in Owego will be impacted. A company spokesman says about 600 positions will be cut in Lockheed Martin's Mission Systems and Training business, which includes the Owego facility. Lockheed says the move is needed to address challenges in its business environment, including uncertain program funding, delays in contract awards and a competitive market. Affected employees will be notified on November 6th.
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