(Reuters) - Lockheed Martin Corp (LMT.N), the Pentagon’s No. 1 defense supplier by sales, put in place a voluntary layoff program for its corporate headquarters and enterprise business services employees.
About 6,500 U.S.-based salaried employees are eligible for the voluntary program, the company said.
Under the terms of the program, volunteers will be offered a severance package, Lockheed said.
Lockheed currently employs about 126,000 people worldwide.
The company’s shares closed at $78.40 on Tuesday on the New York Stock Exchange.
Reporting by Divya Sharma in Bangalore, editing by Bernard Orr