Business Services Industry
Lockheed Martin to Add 19,000 Jobs.
Knight Ridder/Tribune Business News, February, 1998
By Richard Burnett, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Feb. 27--Lockheed Martin Corp. plans to add 19,000 jobs nationwide this year -- about 650 in Orlando -- to handle a slew of high-tech projects, the company's top official said Thursday.
The military-contracting giant, based in Bethesda, Md., has launched an ambitious hiring effort that should offset many of the job cuts expected from Lockheed's pending merger with Northrop Grumman Corp., CEO Vance Coffman said in Orlando.
"We don't expect the consolidation with Northrop Grumman to mean massive layoffs," he said. "We are not in that mode now. Some may have to move here or there, but we really think we have an opportunity to make this work without big...
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