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Economy and Business


Lockheed blames the sequester for a potential shutdown of its Akron facility
Cuts could cost 500 jobs at Lockheed Martin's Akron facility
Story by AKILAH PORTER


 
The historic airdock is part of Lockheed Martin's Mission Systems and Training division Akron facility.
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In The Region:

A major defense contractor is blaming government cutbacks for the potential shut down of a facility in Northeast Ohio.

Lockheed Martin Corp. may close its Akron campus and move hundreds of jobs out of state, according to spokesman Keith Little.

He says the corporation hasn’t discussed a time frame for a decision , but he says government budget cuts are playing a role.

Hear more on Akron facility's potential closure

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“Given the current sequestration environment, we have determined what actions are required to maintain our competitiveness and health of our business,” says Little. “And restructuring is one of the many options we are considering.”

The Akron facility employs about 500 workers and produces military items such as flight simulators and tethered blimps called aerostats.

Local officials and state legislators are in discussions with Lockheed to prevent the closure.

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