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Lockheed to cut 4,000 jobs as U.S. spending wanes

Thursday, 14 Nov 2013 | 8:48 AM ET

Nov 14 (Reuters) - Defense contractor Lockheed Martin Corp said on Thursday it plans to cut 4,000 jobs, more than 3 percent of its worldwide workforce, to cope with declines in U.S. spending.

Lockheed said it would close operations in Akron, Ohio; Newtown, Pennsylvania; Goodyear, Arizona, and Horizon City, Texas, by mid-2015. The company said four buildings at its Sunnyvale, California, operation would also be shuttered.

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