Lockheed plans to cut 'at least a couple million square feet' of its real estate

By Marjorie Censer / January 26, 2021 at 2:42 PM
Lockheed Martin is preparing a plan on the future of work, which it says will result in a footprint reduction of at least 2 million square feet in the coming years. In a call with analysts today, Ken Possenriede, Lockheed's chief financial officer, said the company has about 72 million square feet of facility space. About half of that is owned, while the other half is either leased or government-owned. Aerojet Rocketdyne, which Lockheed has agreed to purchase, has about...

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