Lockheed Martin Facility Consolidation Fact Sheet Newtown, Pa.
Space Systems Action: The Newtown facility will close by early 2015 with most commercial and military satellite work transferring to Lockheed Martins Denver, Colo., facility. This will be a phased process over the next 12 to 18 months. Impact: This site currently employs approximately 1,050 employees and 800 positions are expected to be impacted. We will reduce 500,000 square feet of facility space. Denver, Colo. Space Systems Action: Over the next 1-2 years, we will create improved manufacturing, assembly and test operations in Denver. The initial move date is targeted for the end of 2014, with a goal of fully qualified production capabilities in 2015. Our goal is to be fully transitioned from Newtown, and fully functioning in Denver by the end of 2015. Impact: We plan to make approximately 200,000 square feet of facility modifications in Denver and we expect to relocate or hire approximately 350 employees. Sunnyvale, Calif. Space Systems Action: We have invested nearly $220 million in our Bay Area operations in the past five years. As we upgrade these facilities, we have been consolidating operations. As part of this strategy, we will close four buildings on the campus. Impact: Approximately 200 positions will be eliminated. We will remove approximately 600,000 square feet of facility space. Goodyear, Ariz. Information Systems & Global Solutions Action: Lockheed Martin will close its Goodyear, Ariz., facility by early 2015. Impact: This action will affect approximately 600 employees and reduce 495,000 square feet of facility space. Programs are expected transition to facilities in Denver, Colo., and Valley Forge, Pa. Akron, Ohio Mission Systems and Training Action: With the exception of the Akron Air Dock, operations in Akron are planned to close by early 2015. Sites under consideration to transition the work include Owego, N.Y., and Orlando, Fla. Plans are expected to be finalized in early 2014. Impact: The site employs approximately 600 employees and 500 positions will be impacted. This action is expected to save millions annually and reduce the companys footprint by 677,000 square feet. Horizon City, Texas Missiles and Fire Control Action: We will close operations in Horizon City, Texas and transition the Army Tactical Missile System (ATACMS) operations to Lockheed Martins facility in Camden, Ark. Impact: 11 employees will be impacted and 70,000 square feet of facility space removed. Forward-Looking Statements Statements in this fact sheet concerning the anticipated impact of facilities closings and workforce reductions are based on current assumptions and expectations and are considered forward looking statements under the federal securities laws. Actual results may differ materially due to, among other things, our ability to implement our plans as contemplated,
difficulties associated with moving operations or consolidating operations at multiple sites, the impact of the reductions on our ability to attract and retain employees, the willingness of affected employees to move to other locations or take other jobs, our legal obligations, including but not limited to our obligations under Federal labor law and any applicable collective bargaining agreements, general economic conditions and the availability of funding for our products and services both domestically and internationally. For a discussion identifying additional important factors that could cause actual results to vary materially from those anticipated in the forward-looking statements, see our filings with the U.S. Securities and Exchange Commission (SEC) including, our Annual Report on Form 10-K for the year ended Dec. 31, 2012 and our quarterly reports on Forms 10-Q. These materials are available at www.lockheedmartin.com/investor, or through the website maintained by the SEC at www.sec.gov. The forward-looking statements are made as of the date of this release and Lockheed Martin undertakes no obligation to update these statements after the date of the release.
