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Aircraft industry

Lockheed Martin to Hire 500 New Engineers in Syracuse, While General Dynamics Secures $11.3 Million Navy Contract

Strategic Insights

— 1 min read

Lockheed Martin's Syracuse business has announced plans to hire up to 500 new engineers in 2005 to meet its staffing needs, in addition to 750 high tech positions previously announced for Owego, NY. This move comes as Lockheed Martin is poised to win several near-term competitions for the US101 helicopter. Meanwhile, General Dynamics Corp. has received an $11.3 million contract to provide routine maintenance on the Navy's USS Dallas attack submarine. These developments highlight the growing demand for defense-related services and the expansion of key players in the industry.

Key Takeaways:

  • Lockheed Martin plans to hire up to 500 new engineers in Syracuse, NY, in addition to 750 high tech positions previously announced for Owego, NY.
  • The new engineering jobs are in response to Lockheed Martin's expected wins in near-term competitions for the US101 helicopter.
  • General Dynamics Corp. received an $11.3 million contract to provide routine maintenance on the Navy's USS Dallas attack submarine.
  • The contract is part of a growing trend of defense-related services in the industry.
  • U.S. BioDefense, Inc. sponsored the Project T2 Technology Transfer Conference, hosting at the Wilshire Grand Hotel in Los Angeles, CA.
  • United Technologies Corp. acquired Britain's Kidde Plc for $2.8 billion in cash to expand its security system business.
  • The acquisition marks a significant move by United Technologies to expand its presence in the security system market.
  • The deal is expected to create new opportunities for growth and expansion in the industry.

Statistics:

  • Up to 500 new engineers to be hired by Lockheed Martin in Syracuse, NY.
  • 750 high tech positions to be filled in Owego, NY.
  • $11.3 million contract awarded to General Dynamics Corp. for USS Dallas subsurface attack submarine routine maintenance.
  • $2.8 billion cash value of United Technologies Corp.'s acquisition of Britain's Kidde Plc.

Sources:

  • "General Dynamics Announces Navy Contracts and Lockheed to Increase Staff in Syracuse Site" - M2 PRESSWIRE - 20 December 2004.

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