Tuesday, January 21, 2014

L-3 cuts workforce

CRESTVIEW, Fla. -- One of Okaloosa County's largest employers has laid off more than 10 percent of its staff. L-3 Crestview Aerospace confirmed Monday that it had reduced its workforce by about 100 positions late last week and early this week. The company still employs more than 850 people at its Crestview location. According to public relations manager Lance Martin, the layoffs resulted from a lower volume of work in L-3's U.S. defense programs and delays in the awarding of a commercial contract. Local economist David Goetsch said he expects to see a lot of defense contractors reducing staff in the next couple of years. (Source: Northwest Florida Daily News, 01/20/14) L-3 Crestview Aerospace does aircraft modifications, aerostructure fabrication and assembly. Previous