Lockheed Martin Is Offering Buyouts To 6,500 Employees

The Washington Business Journal reports that the buyouts are being offered nationwide, but that 2,000 employees in the DC area are going to be offered the packages. Eligible employees have until August first to take the buyouts, which include two weeks pay, plus a week of pay per year of service, with a cap at 26 weeks. A Lockheed spokeswoman says after the buyouts are accepted, they'll have a better idea if they have to make more cuts.