Lockheed To Lay Off 600 With Cancellation Of VH-71 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Wed, Jul 15, 2009

Lockheed To Lay Off 600 With Cancellation Of VH-71

Most Cuts At Electronics Plant In Owego, NY

Lockheed Martin says cancellation of the beleaguered VH-71 program will cost the company 600 jobs at its facility in Owego, NY. The original $6.5 billion contract had ballooned to over $13 million, and the program was 6 years behind schedule, partly due to changes in the aircraft's specs. The Navy said the contract had been cancelled " “for the convenience of the government,” not contractor “default.”

A Lockheed spokesman told Bloomberg News the job cuts were announced Tuesday at the Owego facility. Troy Scully said it would amount to a 25 percent reduction in the total number of workers at the plant to about 3,000 by the end of this year, down from 4,000 in January.  Scully said it would be the last round of cuts in connection with the planned Presidential helicopter.

Congressman Maurice Hinchey (D-NY) represents the district that includes the Owego plant. He is asking the Pentagon to continue the VH-71 program because he says it would cost up to $21 billion to start from scratch, more than he estimates it would cost for Lockheed to finish the project. He said he will attempt to secure funding for the program in the 2010 Defense Appropriations bill.

"By continuing Lockheed Martin’s development of a new presidential helicopter, we can deliver a modern and secure helicopter fleet to the White House in a timely fashion without wasting taxpayer money,” Hinchey said in the e-mail distributed by his spokesman, Jeff Lieberson.

FMI: www.lockheedmartin.com

Advertisement

More News

ANN's Daily Aero-Term (04.25.24): Airport Rotating Beacon

Airport Rotating Beacon A visual NAVAID operated at many airports. At civil airports, alternating white and green flashes indicate the location of the airport. At military airports>[...]

ANN's Daily Aero-Linx (04.25.24)

Aero Linx: Fly for the Culture Fly For the Culture, Inc. is a 501(c)(3) non-profit organization that serves young people interested in pursuing professions in the aviation industry>[...]

Klyde Morris (04.22.24)

Klyde Is Having Some Issues Comprehending The Fed's Priorities FMI: www.klydemorris.com>[...]

Airborne 04.24.24: INTEGRAL E, Elixir USA, M700 RVSM

Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]

Airborne 04.22.24: Rotor X Worsens, Airport Fees 4 FNB?, USMC Drone Pilot

Also: EP Systems' Battery, Boeing SAF, Repeat TBM 960 Order, Japan Coast Guard H225 Buy Despite nearly 100 complaints totaling millions of dollars of potential fraud, combined with>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC