Lockheed Targets Manassas

Posted by Carolyn A. Capalbo on Friday, November 19th, 2010 at 6:34pm.

Aerospace giants Lockheed Martin have just announced the closure of a manufacturing plant in Minnesota, with the total loss of around 400 jobs. Of the 1000 employees currently working at the facility, which makes P-3 surveillance plane components, it is hoped that 650 will be relocated, or the jobs filled, at other Lockheed Martin centers, including one in Manassas.

The Eagan, Minnesota plant is scheduled to be closed in 2013, with the secured positions being transferred to Owego, NY, and San Diego CA, as well as Manassas. So far, the number of jobs specifically being created at the Virginia plant hasn't been announced. The move is hoped to save the company around $150 million, over a ten year period.

So while this is unfortunate news for Minnesota, it does at least provide some positive news for Manassas citizens. Whether all the jobs are filled by staff moving into the area from the Eagan site, or new positions become available for the local workforce, it provides considerable optimism here. Any newcomers moving into Northern Virginia to fill these positions will add to the communities they choose, both socially and economically. They will buy real estate in the Manassas area, shop in local stores and pay local taxes. If some of the positions are filled by local workers, the financial benefits to the immediate area are also likely to be significant.

In these uncertain times, any positive news concerning job opportunities will be met with unsurprising delight. And the prospect that there could be more jobs to follow, is something that we can all hope for.

welder_250 

By the Carolyn Capalbo writing team

Pic from Tim Abbot's Photostream on Flickr

Carolyn Capalbo,
Northern Virginia REALTOR®

 

Check out Carolyn's Top Picks!

There are so many great choices for home buyers these days. Here are a few of our current clients' favorites! Have a favorite area of Northern Virginia? Feel free to let us know. We may include it here soon as well!

Leave a Comment