Lockheed consolidates, moves some business areas to suburban Denver

Lockheed consolidates, moves some business areas to suburban Denver

While these cuts to overhead costs are proactive, Marco Caceres, a senior space analyst for aerospace/defense adviser Teal Group, worries that this is not the end of Lockheed’s downsizing. “They are becoming very realistic about their future of space systems,” which is changing because of budget cutbacks, budget stagnation, increased competition from international players and competition from other U.S. commercial companies, Caceres said. “They are being smart. They are moving now as opposed to two to three years from now when it might be too late,” he said. “If they can’t see a significant way to lower their costs, they could be scooted out of the business in the future.”

Tags Layoffs, Lockheed Martin Media Outlet: The Denver Post Featured Analyst Marco A. Caceres

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