October 26, 2009 - The layoff of fifty people for a company that employs over one hundred thousand people doesn’t sound like much but it continues to indicate that the defense business may be entering a slump. Lockheed Martin had already warned that due to the restructuring of the budget and the changes in priorities with the new Obama administration that 2010 could be a down year.
The layoffs were announced for a plant in Archbald, PA that makes guidance kits for laser guided weapons. While the defense budget has grown over the last eight years there has been a movement towards weapons
