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Layoffs will also impact the company’s aeronautics locations in Marietta, Georgia, and Palmdale, California. Lockheed Martin to lay off 200 employees at Fort Worth’s F-35 assembly plant Skip ...
Air Force Plant 4 is located within the Fort Worth-Arlington Metropolitan Statistical Area which includes Johnson, Parker and Tarrant Counties including the cities of Fort Worth and White Settlement. The area is characterized as a highly urbanized area with a diverse economic base concentrated in the manufacturing, service and retail industries.
Lockheed Martin employs more than 18,000 people in Fort Worth, where it makes the F-35. It has a $3 billion payroll across its 47 facilities in Texas , according to the company.
The House’s Defense Appropriations Act approved last week includes funds for the production of 86 new F-35 aircraft out of Lockheed Martin’s Fort Worth plant.
While the formation of Lockheed Martin in 1995 was a merger of equals, by far the greatest contribution to Lockheed Martin Aeronautics was the product portfolio of Lockheed. This included the C-5 , C-130 , and C-141 transports as well as the F-2 , F-16 (purchased from General Dynamics ), F-117 , F-22 , and F-35 Lightning II .
This was out of total Lockheed Martin profits of $6.6 billion on sales of $59.8 billion. Lockheed Martin projects MFC's 2020 profits will be $1.5 billion on sales of $11.0-11.3 billion. [ 4 ] For context, based on 2019 sales, this would put MFC at No. 314 on the 2019 Fortune 500 were it a stand-alone corporation.
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The $100 million aircraft is produced in Fort Worth. For premium support please call: 800-290-4726 more ways to reach us