LOS ANGELES -- The Boeing Co. says it will lay off 750Southern California employees following the loss of a lucrativesatellite contract to a rival aerospace firm.
Boeing says in a statement Tuesday the cuts will be focused onengineering staff at its El Segundo and Seal Beach plants.
The company says the first 100 employees will be notified thismonth, with the layoffs to occur in July.
The reduction will take Boeing's satellite division staff from7,200 employees to about 6,450.
The move comes after Boeing lost a major U.S. Air Forcesatellite contract to rival Lockheed Martin Corp.Copyright © 2015, The Baltimore Sun