Lockheed to close eight plants amid consolidation drive
Lockheed Martin will shutter eight plants and cut 1,600 jobs as it consolidates after acquiring Loral. The moves aim to boost competitiveness amid shrinking defense spending, with relocation of the Systems Integration Sector HQ to Bethesda and closures in California, Connecticut, New York, Pennsylvania, and South Carolina. The company expects growth in two years to offset losses, while some workers may be re employed internally. The firm remains a major defense contractor, recently winning large contracts including a 1.1 billion prototype program and up to 22 billion in satellite deals.
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Lockheed Martin Corp
Pentagon
Lockheed
Loral Corp
Norman Augustine
California
Connecticut
New York
Pennsylvania
South Carolina
Bethesda
Great Neck
N.C
Bloomfield
Washington
Boeing
Charles Manor
NASA
Loral
Lockheed Martin
Martin Marietta
Stocks of area interest Monday November 18 1996
Dow Jones Industrial averages closed at 6346.91, up 1.12 points on Monday with a trading volume of 388 040 000. Gold in New York traded at 379.00 per ounce, up 50 cents.
MENTIONED IN THIS ARTICLE
Dow Jones
New York
Soybeans rise on export sales to record highs
Soybean futures jumped on the Chicago Board of Trade as strong world demand lifted exports to a weekly record of 38.9 million bushels for the week ended Nov. 14. Wheat futures fell while corn held mixed. Domestic demand remains high.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Agriculture Department
Dow Ends Record Streak As Investors Take Profits
The Dow Jones fell 1.12 to 6346.91 as an afternoon rebound faded. IBM gained on positive analyst notes but failed to sustain the rally, while the S&P 500, Nasdaq, and NYSE composite declined amid light news and profit taking after a post election surge.
MENTIONED IN THIS ARTICLE
Dow
New York
Robert Froehlich
van Kampen American Capital
Oakbrook Terrace
IBM
Morgan Stanley
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Associated Press
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AlgPwr
Avemco
Ball GE
Bell
BioWhittaker
Citizens Bank
CSX Corp
Coca Cola
Crestar
Crown Amer
Exxon
Fcnb Corp
AID
Ask F&m Bancorp
Ask First United
Asx
Fred Brew
Giant Foods
Lg Us
GTE Corp
Kmart
I — Us
Life Tech
Lowe’s
E Marriott
Mercantile Bakshi
NationsBank
Ryan
Jcpenney
Pepsico
Sears
Toys R Us
Fredenck, MD
Incredible
Gregory Nie
Everen Securities
New York Stock Exchange
Standard & Poor
American Stock Exchange
ARK
ARK International Equity
First Maryland Brokerage Corporation
First National Bank of Maryland
York Bank & Trust Company
ARK Funds
ARK Fund
First
Maryland
Allied Insh
Comart
Allied Investment Advisors, Inc
AIA
AIB Investment Managers Limited
AIB IM
First Maryland Banco Fmistm
Mini Sei Financial Services Company
Dey
Fcnb Bank
FDIC
FCNB
Frederick Priore Ae Legg Mason Wood Walker, Inc
Frederick Public Companies
Francis Scott Key
James W. Brinkley
Legg Mason Wood Walker, Inc
Richard Cripps
Bio Whittaker
Noel Buterbaugh
Janet McCabe
Financial Services
A. Patrick Linton
First Bank OF
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F & M Bancorp
Faye Cannon
Frederick Brewing Company
Kevin Brannon
Fach Company
Brooke Cramer
Abo
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SIPC
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Mason
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