Northrop Grumman Holds Another Round Of Layoffs; 642 Employees To Be Laid Off

Military contractor Northrop Grumman as announced another round of layoffs. Citing a decreased demand from the U.S. Navy, Northrop is slowing down its shipbuilding operations in Pascagoula, Mississippi. The contractor will slash 642 employees from its payroll. That equates to about 5.8% of the facilities staff.

Earlier this month, Northrop announced 300 layoffs at facilities in Avondale and Tallulah in Louisiana.

A company release stated that the layoffs were due to the “cyclical nature of shipbuilding.”

Last year, Northrop made a total of $33.76 billion in sales from their various endeavors including aerospace, electronics and information systems.