Lockheed Martin to move hundreds of jobs to Colorado, Florida

Lockheed Martin announced that it will move a total of 650 positions to Colorado and Florida by 2024. The company is making the move to relocate its Fleet Ballistic Missile (FBM) program from California.

"As our business evolves, we're adapting to ensure we deliver the innovation, affordability and performance our customers demand," says Mathew Joyce, vice president and general manager of Strategic and Missile Defense Systems for Lockheed Martin. "We've laid out a long-term strategy that will achieve that evolution and position us for the future, while offering our employees time to plan and prepare for the transition." 

The move is being made to cut costs and centralize its expertise in key locations, the company says. The sites in Florida and Colorado have complementary facilities and employee skill sets and most of Lockheed's employees will be offered a chance to move to work at one of the facilities. 

"We value the deep expertise of our employees, and we're working diligently to shape a transition that leverages the knowledge of this team," explains Rick Ambrose, executive vice president for Lockheed Martin Space Systems. "Reshaping our Fleet Ballistic Missile program will help us take full advantage of our engineering and manufacturing facilities and centralize key skills, saving costs for the Navy on this critical national security program."