Sep 20 2012
Sequestration Begins: Northrop Grumman says it wil cut its payroll by nearly 600 employees
U.S. Air Force says it may cancel Boeing Refueling Tanker Contract because of coming defense cuts
"Northrop to shed nearly 600 jobs" The Los Angeles Times Although there is much speculation about whether Congress would let those automatic cuts actually occur in January, military contractors have been ringing alarms about the potential fallout. In a worst-case scenario, the Aerospace Industries Assn., an Arlington, Va., trade group, estimated 1 million jobs of all kinds would be lost nationwide, including 126,000 in California. 'We are absolutely anticipating more cuts in employment numbers as Jan. 2 approaches," association spokesman Dan Stohr said. "There's still a great amount of detail that companies need in order to plan a way forward.' The new budget realities have especially stung Southern California's aerospace industry. In January 2011, Boeing cut 900 jobs at its sprawling Long Beach plant, where it builds C-17 cargo jets. Later that year, Lockheed Martin Corp. cut about 1,500 positions across its aeronautics business, including jobs in California. Northrop cut 500 jobs in its aerospace division last year." “I don’t want to break my contract and I’m fearful sequestration may force me to do that,” Maj Gen John Thompson, tanker program executive officer and KC-46 program director, said during a Sept. 18 briefing with reporters at an Air Force Association-sponsored conference in National Harbor, Md. Since the KC-46 contract award in February 2011, the Air Force has touted its ability to sign a fixed-price development contract for the initial batch of tankers, which are part of a 179-aircraft buy." |
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