Latest news with #GridStarFlowBattery
Yahoo
23-05-2025
- Business
- Yahoo
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.'
Yahoo
13-05-2025
- Business
- Yahoo
Major weapons manufacturer to lay off over 60 Mass. employees this summer
Lockheed Martin will lay off 64 employees from its Andover facility this summer, per a Worker Adjustment and Retraining Notification Act (WARN) notice. The WARN report for the week of May 9 states that the layoffs will take effect no later than July 5. According to a report from Boston Business Journal, the layoffs will primarily impact team members in engineering and product operations and quality. A representative for the Maryland-based weapons and aerospace manufacturer told the journal that the decision was 'part of an annual business review,' but did not elaborate on the reasons behind the cuts. The Andover facility on Dascomb Road is one of Lockheed Martin's Missiles and Fire Control locations. According to the company's website, the building is the 'official home and single site' for developing, testing, and producing the company's GridStar Flow Battery project. Of the 10 Missiles and Fire Control locations listed on the company's website, only two are in Massachusetts. The second location, in Chelmsford, employs 350 people and was not mentioned in the WARN report. The news marks another round of major layoffs impacting Andover workers this summer; the Wilmington-based company Symbotic LLC will also lay off 400 employees from its Andover facility by the end of June. Longtime scouting exec leaves Patriots organization Springfield protests loss of $20M federal grant to protect environment Ethics Commission accuses retired MBTA manager of violating conflict of interest law 'Such a stain': Here's what pushed a major Trump loyalist to break with him Trump's 'big beautiful bill?' Not so much, Mass. pols say, as GOP rolls it out Read the original article on MassLive.
