It appears that a confluence of events is like to produce up to 200 permanent layoffs in the Sikorsky/Lockheed’s facility in Jupiter, Florida. Sikorsky/Lockheed Martin layoffs in Jupiter possible . The layoffs appear to be targeted at workers involved with the Blackhawk military helicopter program.
Lockheed Martin Chairman, President and CEO, Marillyn Hewson, commenting on first quarter 2018 net sales of $11.6 billion said, “Strong operational and program execution in the first quarter allowed us to increase our financial guidance for sales, profit and earnings per share. Our team remains dedicated to performing with excellence, offering affordable and innovative solutions for our customers, and delivering exceptional value to our shareholders.” While also noting that sales in the Rotary and Missions Systems Group (which includes Sikorsky) increased by $96 million, but “These increases were partially offset by a decrease of $190 million for Sikorsky helicopter programs due to lower volume for government helicopter programs.”
Nothing is set in stone, but the handwriting for some employees is clearly on the wall as company spokesperson said, “We have not made any announcements but continually review all our business operations to ensure we are properly sized for current and longer-term business requirements and economic conditions within our marketplaces.”
Look for an upcoming shootout for the next generation of helicopters. Sikorsky/Boeing’s SB>1 Defiant against Textron/Bell’s V-280 Valor. We can only hope that critical workers can be retained to avoid what happened to the skilled staff at NASA – who appears unable to send astronauts to the International Space Station without Russian launch vehicles.
Are you asking yourself, Am I Next?