MIDDLE RIVER â Lockheed Martin, a titan of the aerospace and defense industries, will downsize operations at its Middle River location over the next two years, requiring 465 employees to relocate or transition to telework.
The company, which has roots in the area stretching back nearly a century to the opening of the facility in 1929, plans to keep as many employees as possible during the process of winding down, which should wrap up between March and June of 2023.
A spokesperson for Lockheed Martin described the decision to close its Middle River operations as a difficult one born of a need to remain cost-competitive.