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Los Angeles Times - Top News, Los Angeles Times
Thu, 08/25/2011 - 9:00pm

Northrop is offering buyouts but plans layoffs if fewer than 500 people volunteer to leave before Oct. 28. The aerospace industry has been downsizing in anticipation of a smaller Pentagon budget.In another blow to Southern California's defense industry, aerospace giant Northrop Grumman Corp. said it is cutting 500 jobs in its aerospace division in anticipation of a slowdown in Pentagon spending.

Topics: oct southern california northrop grumman corp pentagon cut aerospace jobs industry anticipation

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Northrop Grumman Corporation (NOC)
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Northrop Grumman wins Navy E-130J aircraft contract
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Northrop Grumman awarded $3.46B Navy contract
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