Lockheed Martin Space Systems to cut 4.5% of workforce

(RTTNews) - Lockheed Martin Space Systems, a major component of Lockheed Martin Corporation, announces it will reduce about 800 employees, or 4.5% of its overall workforce by year-end, "in order to improve competitive posture."

The company notes workforce reductions will impact all levels and disciplines, including technical, managerial and administrative positions primarily at in Denver and Sunnyvale facilities.