14 Nov 2006
LOS ANGELES — BAE Systems officials today advised members of the company’s Los Angeles-based workforce that it will close its local product design and development facility by mid-2007. The move is intended to make better use of underutilized facilities elsewhere in the company.
Work performed at the 150,000-square-foot site near Los Angeles International Airport will be moved to company facilities in Ontario, Calif., and Johnson City, N.Y. As a result of the closure, most of the 260 Los Angeles positions will be eliminated with approximately 50 employees offered the opportunity to relocate.
“While decisions of this type are always difficult, this move will allow us to be more efficient and responsive to our customers’ needs and are necessary to remain competitive in a dynamic marketplace,” said Michael Heffron, president of BAE Systems’ Platform Solutions unit, of which the Los Angeles site is a part.
The Los Angeles site designs and develops military aircraft avionics and control systems.
Affected employees will be eligible for a comprehensive package of severance benefits and outplacement assistance.
About BAE Systems
:BAE Systems is the premier trans-Atlantic defense and aerospace company, delivering a full range of products and services for air, land, and naval forces, as well as advanced electronics, information technology solutions, and customer support services. BAE Systems, with more than 86,000 employees worldwide, had 2005 sales that exceeded $28 billion.
For further information please contact:
Joan Ferguson , BAE Systems
Tel: +1 603 885 2816 Mobile: +1 607 315 1537
joan.ferguson@baesystems.com
John Measell, BAE Systems
Tel: +1 703 907 8261 Mobile: +1 703 405 5010
john.h.measell@baeystems.com
