Major defense, aerospace contractor makes cuts at Andover facility
ANDOVER — Lockheed Martin plans to lay off 64 employees at its Dascomb Road facility in July.
The global security, defense and aerospace contractor filed a Worker Adjustment and Retraining Notification Act (WARN) notice on May 6. The layoffs take effect July 5.
The reduction of employees impacts less than 1% of the company's workforce. Lockheed Martin has 121,000 employees and 350 facilities worldwide.
Lockheed Martin's primary clients are the U.S. Department of Defense and U.S. federal government agencies.
The company's main focuses are in defense, space, intelligence, homeland security and information technology, its 2024 annual report stated.
The Maryland-based company opened its Andover location, 160 Dascomb Road, as part of its clean energy division in 2020.
The scientists there advanced its GridStar Flow program and worked on the science behind long-duration energy storage, according to its website.
The integrated facility in Andover incorporated labs, production and program management.
'As part of an annual business review and after careful consideration, Lockheed Martin has made the difficult decision to adjust the workforce at the Andover, Massachusetts, facility, responsible for the GridStar Flow Battery project,' Lockheed Martin said in a statement.
'We remain committed to delivering critical defense capabilities while also driving innovation, efficiency and affordability for all of our customers.'
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