space news from around the webin association with SpaceNews

Lockheed Martin announces satellite division layoffs
Posted: Mon, May 14, 2001, 2:21 PM ET (1821 GMT)
Lockheed Martin has laid off nearly 10 percent of the workforce in its commercial satellite division, Space News reported Monday. The company said it notified 125 workers on Friday that their jobs were being eliminated as part of the cutback; the employees will leave the company over the next two months. Most of the layoffs were at Lockheed Martin's facility in Newtown, Pennsylvania, with a handful at the Commercial Space Systems headquarters in Sunnyvale, California. The layoffs are part of an effort by the company to cut costs and remain competitive in the global communications satellite market given the recent decrease in demand for such spacecraft. The Space News article cited a Lockheed Martin official who said that current overcapacity in the satellite manufacturing market may be too much to sustain all five major companies in the field -- Lockeed Martin, Boeing, Loral, Alcatel, and Astrium -- and may eventually lead to consolidation among those firms.
Related Links:
<<previous article   next article>>
news in brief
FCC chairman endorses SpaceX satellite constellation
Posted: Sat, Feb 17 6:29 PM ET (2329 GMT)

Soyuz launches Progress after delay
Posted: Sat, Feb 17 6:27 PM ET (2327 GMT)

NASA budget proposal seeks to cancel WFIRST
Posted: Sat, Feb 17 6:20 PM ET (2320 GMT)

news links
Tuesday, February 20
The challenges of life in space
Edwardsville (IL) Intelligencer — 7:23 pm ET (0023 GMT)
Cancelling WFIRST Will Permanently Ruin NASA — 7:22 pm ET (0022 GMT)
Budget proposal: NASA locks down $19.9B
Sandusky (OH) Register — 7:20 pm ET (0020 GMT)

about   ·   ·   mailing list