Question: How many jobs will Lockheed Martin cut if the F-22 production closes this year?
Answer: Probably none. Maybe a few.
That’s not my opinion. That’s what Ralph Heath, president of Lockheed’s aeronautics division, said as recently as November 20. Heath spoke to market analysts at the Credit Suisse Group Aerospace & Defense Conference in New York. Asked whether F-22 assets could be redeployed to support the F-35 ramp-up, here’s what Heath said:
It’s — the production folks that probably will becomedisplaced when we’re at the end of the production line in
, because we’ve had the good fortuneor we were reaping the dividends of the hard work that we’ve put in place withthe C-130, we actually have a requirement for ramping up for C-130 production.So, those folks can be redeployed there. Marietta
In a similar vein for C-5, about a year from now we’ll bemarching in the ramp-up for full production on the re-engining program andwe’ll have a need for employees there as well.
A third of the F-22 is built in
. And again, as we ramp up forF-35, we have the need already for deploying the manufacturing people there aswell. Fort Worth
So, if you go back to the portfolio balance, it’s notexactly perfect but we’re probably as good as we’ve ever been and where you’dwant to be in terms of the balance and different points with the lifecycle ofthe portfolio of programs that we have.