Lockheed Martin Closing Plants, Cutting 4,000 Jobs

Defense contractor Lockheed Martin is cutting 4,000 jobs and closing four plants, blaming a decline in U.S. government spending for the layoffs.

The company said the locations to be closed are in Newtown, Pa.; Akron, Ohio; Goodyear, Ariz.; and Horizon City, Texas. Between them they have 2,000 jobs. In addition it will close four buildings on its Sunnyvale, Calif., campus, eliminating another 2,000 jobs.

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