Lockheed Martin expects to hire 3,000 in 3 years Aerospace and defense

December 14, 1996|By BLOOMBERG BUSINESS NEWS

SUNNYVALE, Calif. -- Lockheed Martin Corp.'s Missiles & Space unit said it has more than 1,000 job openings and expects to hire about 3,000 people at its Sunnyvale facility in the next three years.

Lockheed Martin is hiring new employees as it consolidates most of its satellite operations at Sunnyvale. The company said the unit has multibillion-dollar contracts to fill and a backlog of commercial and government satellite orders, a spokesman said.

Missiles & Space, Lockheed's largest operating unit, won a $2 billion contract in November to build a space-based infrared sensor system for the Air Force. It is also part of an aerospace industry team that won a $1.1 billion contract for an Air Force airborne laser system. The unit, which has 10,000 employees in the San Francisco Bay area, has hired 1,500 new employees this year.

Shares in Bethesda-based Lockheed fell $2 to $86.25.

Pub Date: 12/14/96

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